PANews reported on April 10 that the Hong Kong Monetary Authority (HKMA) has issued the first batch of stablecoin issuer licenses to two institutions under the Stablecoin Ordinance : Anchorpoint Financial Limited (a joint venture between Standard Chartered Hong Kong, Hong Kong Telecom, and Animoca Brands) and HSBC. In the first phase, the two institutions plan to issue Hong Kong dollar-denominated stablecoins, primarily for cross-border payments, local payments, and settlement of tokenized assets, while also exploring scenarios such as programmable payments and supply chain financing. The two licensed institutions are required to implement strict reserve management, price stabilization mechanisms, redemption arrangements, and anti-money laundering risk controls, and will officially launch their products between mid- and second-half of this year after completing technical and operational preparations. The two institutions plan to complete preparations and launch their related businesses in the coming months.