Hong Kong has published its first list of applicants shortlisted for stablecoin licences, with HSBC, Anchorpoint (a Standard Chartered–backed JV) and OSL Group reportedly among the three names. The move signals regulatory progress toward licensed onshore stablecoin issuance.
On Jan. 4, 2026, Hong Kong-based digital asset exchange OSL listed Ripple USD (RLUSD) and launched a zero-fee trading promotion to encourage adoption of the regulated stablecoin. The move pairs fee-free access with institutional-grade compliance and new onramps for dollar-pegged payments.
OSL Group and Anchorage Digital announced the launch of USDGO, a U.S.-regulated stablecoin to be issued in Hong Kong and fully backed 1:1 by U.S. dollar–denominated assets. The token will be issued under U.S. federal supervision.
Hong Kong–based OSL announced it will list XRP, the fourth-largest cryptocurrency by market capitalization, expanding onshore access for retail and institutional traders. The move reinforces exchange-level support for XRP in a regulated market.