Hong Kong Monetary Authority: There is currently no offshore People's City stablecoin issued in Hong Kong

According to Foresight News, the Hong Kong Monetary Authority reminded that social media has recently circulated that the world's first stablecoin pegged to the offshore RMB has been issued in Hong Kong. Please note that the relevant news is fake news. The Stablecoin Ordinance officially came into effect on August 1, 2025. Anyone who issues fiat stablecoins in Hong Kong during business or actively promotes their issuance activities to the Hong Kong public will need to obtain a stablecoin issuer license issued by the HKMA.


Currently, the HKMA has not issued any stablecoin issuer license. Therefore, it is illegal for anyone to issue or promote stablecoins. If someone promotes stablecoins to you, you must be vigilant. The HKMA will monitor the situation involving stablecoin transactions on the market. If any suspected violation of the Stablecoin Ordinance is found, we will consider taking further follow-up actions based on relevant facts and evidence.

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