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HSBC Explores Hong Kong Stablecoin Licences Amid Regulatory Talks

3/2/2026

Summary

Story summary

HSBC Holdings plc, Europe’s largest lender, expressed interest in Hong Kong's stablecoin regime, citing the city's regulatory framework.
HSBC is in discussions with the Hong Kong Monetary Authority about stablecoin licences, expected in March.
Sources indicate HSBC may collaborate with other firms for licences, though Elhedery did not confirm an application.
Elhedery said HSBC would participate only in regulated markets, reinforcing a secure environment for stablecoin operations.

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Story summary

HSBC Holdings plc, Europe’s largest lender, expressed interest in Hong Kong's stablecoin regime, citing the city's regulatory framework.
HSBC is in discussions with the Hong Kong Monetary Authority about stablecoin licences, expected in March.
Sources indicate HSBC may collaborate with other firms for licences, though Elhedery did not confirm an application.
Elhedery said HSBC would participate only in regulated markets, reinforcing a secure environment for stablecoin operations.