Today’s tax sale deadline: 2.8 billion worth of sell pressure, BlackRock is snapping up BTC, the SEC is making major moves on tokenized securities, and Hong Kong has another quiet wildcard—the first batch of stablecoin licenses has finally landed.

On April 10th, HKMA picked 2 out of 36 applications and issued licenses directly: HSBC Hong Kong and Anchorpoint Financial, with Standard Chartered + HKT + Animoca Brands teaming up.
The licenses took effect on the day they were approved. In the second half of the year, Hong Kong dollar stablecoins will be able to launch on PayMe and mobile banking, pushing into payments, DeFi, and tokenized assets.
This move is really appealing:
▶️ TradFi, real money entering the game:
Issuing banks embed stablecoins directly into existing systems, risk control is maxed out, and ordinary people can play on-chain with zero barriers.
▶️ Animoca boost, imagination unlocked:
Web3 OG holds 37%, and on-chain assets connect seamlessly.
▶️ Strategic ambition:
Use Hong Kong dollar stablecoins to carve out a track in Asia, challenge US dollar dominance, and also promote the internationalization of the Hong Kong dollar/RMB. Regulation is strict: the approval rate is only 5.5%, so innovation may lag a bit—but this is the right way to turn stablecoins from speculative tools into real infrastructure.
Hong Kong—Asia’s new stablecoin hub—is already on the way. Do you think that with Hong Kong dollar stablecoins launching in the second half of the year, there’s a chance to knock USDT out in Asia? Or is it just a compliance toy for banks? Let’s chat together!～
#香港稳定币 #Hong Kong dollar stablecoin #CryptoRegulation