HSBC eyes retail stablecoin roll-out via PayMe in second half of 2026, as Standard Chartered-led joint venture focuses on institutions first
3-MIN READ3-MIN ListenEnoch YiuPublished: 8:00am, 15 Apr 2026Updated: 8:13am, 15 Apr 2026For Hong Kong’s 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.
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’s digital finance development.
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.
What is a stablecoin?
