# Web3

Hong Kong Bets on Institutional Stability as HSBC and Standard Chartered-Backed JV Secure Landmark Stablecoin Licenses

The Hong Kong Monetary Authority has granted its first stablecoin issuer licenses to HSBC and the Standard Chartered-backed venture AnchorPoint. Both entities plan to launch Hong Kong dollar-pegged stablecoins in 2026, aiming to integrate digital assets into mainstream retail payment systems like PayMe.