"The Hong Kong Monetary Authority said the tokens are not connected to licensed stablecoin issuers. The alert comes before any regulated stablecoins have been issued in the market."
"Tokens with tickers 'HKDAP' or 'HSBC' have been launched, but they are not issued by or otherwise associated with licensed stablecoin issuers."
"HSBC has not yet issued any stablecoins in Hong Kong. We plan to launch a Hong Kong-dollar denominated stablecoin in the second half of this year under a new licence granted in April 2026."
Hong Kong's central bank issued a warning about unauthorized tokens claiming association with licensed stablecoin issuers, including HSBC. The tokens labeled HKDAP and HSBC are not connected to any licensed issuers. The Hong Kong Monetary Authority confirmed that no regulated stablecoins have been issued in the market. HSBC clarified that it has not launched any stablecoins yet, although it plans to introduce a Hong Kong-dollar stablecoin later in 2026 under a new license.
Read at news.bitcoin.com
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