摩根大通發布報告指出，香港金管局上周宣布核發穩定幣發行人牌照予兩家機構 — 滙豐銀行及碇點金融科技（由渣打香港、香港電訊（06823）與安擬集團合組的公司）。該行認為這是正面的發展趨勢，展現香港對數位資產的支持。穩定幣雖對這兩家公司中短期內無法帶來具體的收入貢獻，但將對兩家銀行的交易情緒有所支撐。

由於滙豐與渣打為香港的發鈔銀行，該行預期這兩家銀行將與香港金管局緊密合作，以最小化現有系統下穩定幣流通可能帶來的任何幹擾。在企業層面，該行預期這兩家銀行會將穩定幣整合至其支付生態系統中。相較滙豐，渣打擁有更多應用場景，主因其在數位資產業務領域的布局更為全面。

JPMorgan said in a report that the Hong Kong Monetary Authority (HKMA) announced last week it had granted stablecoin issuer licences to two institutions: HSBC and Anchor Fintech, a joint venture of Standard Chartered Hong Kong, Hong Kong Telecom (06823), and Animoca Brands.

The bank views this as a positive development that demonstrates Hong Kong’s support for digital assets. While stablecoins are not expected to generate meaningful revenue for the two firms in the near to medium term, they will support trading sentiment for both banks.

As HSBC and Standard Chartered are note‑issuing banks in Hong Kong, JPMorgan expects them to cooperate closely with the HKMA to minimise any potential disruptions to existing systems from stablecoin circulation. At the corporate level, the two banks are expected to integrate stablecoins into their payment ecosystems. Standard Chartered is likely to have more use cases, given its more comprehensive presence in digital asset businesses.