Buy HSBC by Jun 11, 2026.

Hong Kong is moving forward with its stablecoin licensing regime. According to Bloomberg (March 13, 2026), HSBC and Standard Chartered are expected to be among the first approved stablecoin issuers under the Hong Kong Monetary Authority's framework, with licenses potentially issued as early as this month. The HKMA has received 36 applications and has signaled it will approve only a small number initially, prioritizing well-capitalized institutions with proven regulatory compliance. The regulator explicitly favors bank-led issuers for their capital strength …