Hong Kong stablecoin licenses are more 'cautious' than expected.
The first batch of stablecoin issuer licenses, originally scheduled to be issued in March 2026, has yet to materialize.
Market consensus is clear: the first batch will most likely belong to the two major issuers - HSBC and Standard Chartered.
In the second tier, Futu Securities and OSL have become the most noteworthy players.
The first batch of stablecoin issuer licenses, originally scheduled to be issued in March 2026, has yet to materialize.
Market consensus is clear: the first batch will most likely belong to the two major issuers - HSBC and Standard Chartered.
In the second tier, Futu Securities and OSL have become the most noteworthy players.