Crypto

Fake Hong Kong stablecoins start trading as real ones remain absent

Tokens using ‘HKDAP’ and ‘HSBC’ tickers are circulating even as the HKMA says no licensed stablecoins have been issued

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CoinDesk
April 29, 2026·1 min read
Fake Hong Kong stablecoins start trading as real ones remain absent

Image: CoinDesk

Tokens using ‘HKDAP’ and ‘HSBC’ tickers are circulating even as the HKMA says no licensed stablecoins have been issued

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Fake Hong Kong stablecoins start trading as real ones remain absent

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