{"id":531759,"date":"2026-04-15T07:12:10","date_gmt":"2026-04-15T07:12:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/531759\/"},"modified":"2026-04-15T07:12:10","modified_gmt":"2026-04-15T07:12:10","slug":"how-paymes-3-3-million-users-and-hong-kong-firms-could-start-using-stablecoins","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/531759\/","title":{"rendered":"How PayMe\u2019s 3.3 million users and Hong Kong firms could start using stablecoins"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">For Hong Kong\u2019s 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends could soon involve stablecoins, with HSBC preparing to introduce the digital currency in the second half of this year.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">That comes after HSBC Holdings, together with a Standard Chartered-led joint venture, became the first to obtain a stablecoin issuer licence from the Hong Kong Monetary Authority on Friday, marking a breakthrough in the city\u2019s digital finance development.<\/p>\n<p>Anchorpoint Financial, a joint venture among <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3349396\/more-global-firms-eye-hong-kong-cheaper-yuan-loans-bonds-stanchart?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Standard Chartered<\/a>, local game software and venture capital firm Animoca Brands, and Hong Kong Telecommunications, will initially focus on institutional investors but may consider retail usage later.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">This means stablecoins in Hong Kong will not be confined to tech-savvy users but could become part of everyday transactions. Here is what you need to know about stablecoins, which are set to be rolled out in Hong Kong.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">What is a stablecoin?<\/p>\n","protected":false},"excerpt":{"rendered":"For Hong Kong\u2019s 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends&hellip;\n","protected":false},"author":2,"featured_media":531760,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[184053,184052,97729,6875,45543,45539,22411,184051,2306,137683,49153,9788,184049,86,184050,56,54,55,4540],"class_list":{"0":"post-531759","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-anchorpoint","9":"tag-animoca-brands","10":"tag-digital-finance","11":"tag-hong-kong","12":"tag-hong-kong-dollar","13":"tag-hong-kong-monetary-authority","14":"tag-hsbc","15":"tag-maggie-ng","16":"tag-mobile","17":"tag-payme","18":"tag-stablecoin","19":"tag-standard-chartered","20":"tag-surendra-rosha","21":"tag-technology","22":"tag-tokenised-assets","23":"tag-uk","24":"tag-united-kingdom","25":"tag-unitedkingdom","26":"tag-us-dollar"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/531759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=531759"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/531759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/531760"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=531759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=531759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=531759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}