Insights
Hong Kong sets high bar for stablecoin issuance with first licences
Hong Kong awarded the first stablecoin issuance licences to two note-issuing banks, making it clear that stablecoins will be treated as regulated payment and settlement infrastructure, not a frontier for speculation. The real test now lies in building profitable and sustainable use cases.
Asia’s shift beyond the dollar
From local currency trade and gold accumulation to CBDCs and cross-border payment corridors, de-dollarisation in Asia is unfolding steadily and strategically. The region is taking steps toward a gradual shift to a multipolar currency landscape to secure greater financial sovereignty, relying less on the US dollar.