(13 April 2026 – Hong Kong) HSBC is preparing to issue Hong Kong dollar-denominated stablecoins in the second half of 2026, after securing regulatory approval from the Hong Kong Monetary Authority.
The planned digital tokens will be fully backed by deposits held at HSBC on a one-to-one basis. The bank said the offering is intended to support everyday payments for retail and merchant users, while also enabling access to selected tokenised investment opportunities.
Once launched, the stablecoins will be integrated into HSBC’s existing digital channels, including the PayMe app and the HSBC Hong Kong mobile banking platform.
Looking ahead, HSBC is also exploring the introduction of stablecoins linked to additional currencies as it expands its digital asset capabilities.