Hong Kong sandbox to explore stablecoin payment suitability
Regulators in the city are betting on fiat-referenced stablecoins to become the next trailblazer in domestic and cross-border payments.
Following publishing the consultation conclusions on a proposed licensing regime for stablecoin issuers in Hong Kong, the Hong Kong Monetary Authority (HKMA) announced late last week a first batch of participants of a stablecoin issuer sandbox.
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.jpg&c=1&h=180&q=80&v=20260226&w=320 "StanChart, Animoca Brands and HKT agree JV to issue HKD-backed stablecoin")
