Hong Kong Monetary Authority: At Present, No Offshore RMB Stablecoin Is Issued in Hong Kong
1 day ago / Read about 0 minute
Author:小编   

As per the official account of the Hong Kong Monetary Authority, a piece of information has been making the rounds on social media lately. It asserts that "the world's inaugural stablecoin pegged to offshore RMB has been launched in Hong Kong." However, this is completely untrue. The Hong Kong Monetary Authority emphasizes that the Stablecoin Ordinance officially took effect on August 1, 2025. In Hong Kong, any individual or entity intending to issue fiat - backed stablecoins or promote relevant activities to the general public is required to secure a stablecoin issuer license issued by the Monetary Authority. Up until now, no institution has been awarded such a license.