Will Hong Kong open its doors to retail stablecoins?
Despite the promising pass of an Ordinance, use cases of stablecoins in Hong Kong remain vague. Adopting retail stablecoins depends on multiple factors, including the regulator’s stance and technical concerns, such as monitoring unhosted wallets.
Troov
September 10, 2025
Hong Kong’s Stablecoin Ordinance went into effect on August 1, formally establishing a licencing scheme required for stablecoin issuers in the city. Despite an undisclosed number of total applicants to the licence for now, the market anticipates the first batch of licences to be granted by end of this year at the earliest.
¬ Haymarket Media Limited. All rights reserved.
Sign In to Your Account To Access Exclusive FinanceAsia Content!
Please sign in to your subscription to unlock full access to our premium FA resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
