Hong Kong’s Stablecoin Bifurcation: Two Paths for Tokenized Money
The arrival of regulated stablecoins in Hong Kong is less a singular race for market share and more a structural bifurcation of how tokenized money will function in the regional economy. With the Hong Kong Monetary Authority granting its first two licenses on April 10, 2026, to Anchorpoint Financial and HSBC, the market has been…