HKMA chief says HSBC and Anchor Technology will launch stablecoins in Hong Kong this year

The chief executive of the Hong Kong Monetary Authority confirmed a stablecoin launch. HSBC and Anchor Technology plan to issue stablecoins in Hong Kong this year. The digital tokens will be backed by fiat currency. The initiative seeks to develop a regulated digital‑currency ecosystem. HKMA’s endorsement signals official support for crypto‑linked assets. HSBC will leverage its banking network for distribution. Anchor Technology will provide the underlying blockchain platform. The project aims to enhance Hong Kong’s position in digital finance.