Overview
- Hong Kong’s monetary authority warned that tokens using the tickers HKDAP and HSBC are unauthorized and said no licensed stablecoins have been issued.
- HSBC and Anchorpoint Financial both denied launching any token, with HSBC planning an HKD stablecoin later in 2026 through PayMe and the HSBC HK Mobile App.
- Anchorpoint has said it aims to begin a phased rollout of its HKDAP stablecoin in 2026, and it urged users to rely on official sources and regulated platforms.
- The HKMA told the public to verify issuer announcements and avoid unofficial listings, which helps prevent purchases of counterfeit coins that may be hard to redeem or recover.
- Hong Kong granted the first stablecoin licenses in April to HSBC and Anchorpoint from a field of 36 applicants under rules that require full reserves, fast redemption, strict AML checks, and allow fines or license revocation for violations.