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News/Regulation
Regulationâ—Ź Neutral

HSBC begins rolling out Hong Kong's first licensed stablecoin to 3M+ app users

TradingGain NewsroomTradingGain Newsroom··23 Oct 2026, 10:22 UTC

HSBC and Standard Chartered-led Anchorpoint received Hong Kong's first stablecoin issuer licenses in April. Anchorpoint began rolling out its HKDAP stablecoin in August, and HSBC is now offering it to over 3 million app users. For traders, this shows licensed stablecoins are moving toward everyday use in Hong Kong.

Why it matters

  • Hong Kong granted its first stablecoin issuer licenses in April, a clear regulatory step.
  • Anchorpoint started rolling out HKDAP in August, bringing a licensed stablecoin to market.
  • HSBC's rollout to over 3 million app users gives the stablecoin a large potential customer base.

What to watch next

Watch for further stablecoin licensing decisions in Hong Kong and any change in HKDAP usage or trading activity.

This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗
HSBC begins rolling out Hong Kong's first licensed stablecoin to 3M+ app users
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Regulationâ—Ź Neutral

Court Ruling Lets Israel Send Alleged Nomad Bridge Hacker to US

Israel has extradited an alleged exploiter of the Nomad bridge to the United States over a $2.8 million theft. Israel's Supreme Court ruled that taking advantage of a coding flaw can count as computer intrusion, even if the software allowed the transaction. For traders, this suggests courts may treat bridge exploits as crimes, not just technical glitches.

Decrypt ↗
Regulationâ—Ź Neutral

Kalshi faces 13 felony charges in Utah over a $10 sports bet

An agent alleges he confirmed Utah was eligible before trading and paying a fee, and that this led to 13 felony charges against Kalshi. The CFTC is disputing whether the state has authority to act. The case may shape how prediction platforms are regulated, which can affect trader sentiment in related markets.

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Otherâ–Ľ Bearishâ—Ź Important

Record $6.4B Binance Hack Overshadows Hyperliquid's U.S. Perps Opening

Binance suffered a hack reported at $6.4 billion, which is described as the largest in crypto history. The same day, Hyperliquid opened the door to a fully regulated perpetual futures offering in the U.S. Traders may see the hack as a reminder of exchange security risk, even as the Hyperliquid news points to wider regulated access.

HYPEDecrypt ↗
Market Dataâ–Ľ Bearishâ—Ź Important

INTW falls 49.8% in 24 hours on heavy volume

INTW is one of the biggest movers among the most traded coins today, down 49.8% to $9.01 with $244.0M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.