LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyatt@web3MarketOdaily Seer ChannelRelated: Hong Kong Stablecoin “Starting Gun Fired”: From Licensing to Ecosystem, the Real Marathon Has Just Begun
Amidst the overwhelming news coverage, many also noticed a thought-provoking signal: of the first two licensees, one is HSBC holding a license independently, while the other, Anchor Financial, is a joint venture entity backed by Standard Chartered Bank (Hong Kong) Limited, Hong Kong Telecom, and Animoca Brands. In other words, among the first entrants are two of Hong Kong’s three note-issuing banks: HSBC and Standard Chartered. What does this signify? I. From “Note-Issuing Bank” to “Stablecoin Issuer” To be realistic, the fact that the first licenses went to HSBC and Standard Chartered is not surprising in itself. However, the policy signals released by this choice are worth careful interpretation. This requires first revisiting Hong Kong’s unique currency issuance system. As is well known, Hong Kong’s current banknote system is primarily…# Analysis# Market# web3Pre
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