Hong Kong Issues First Stablecoin Licenses to HSBC, Standard Chartered-led Consortium

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News In an industry first, Hong Kong has awarded HSBC and a consortium led by Standard Chartered the city’s first stablecoin issuer licenses, marking its latest step towards embracing the industry’s leading use case. Commenting on the matter was Darryl Chan, the deputy chief executive of the Hong Kong Monetary Authority (HKMA), who said: The two applicants have experience in traditional financial and risk management, which fits the mission of stablecoins that aim to bridge traditional finance and digital finance. Both licenses allow the issuance of stablecoins pegged to the Hong Kong dollar and the conduct of cross

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