Beware of tokens purported to be associated with licensed stablecoin issuers

The Hong Kong Monetary Authority wishes to alert members of the public to press releases issued by Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited respectively, relating to tokens purported to be associated with licensed stablecoin issuers.

Tokens with tickers “HKDAP” or “HSBC” have been launched, but they are not issued by or otherwise associated with licensed stablecoin issuers.

As of this moment, both licensed stablecoin issuers have confirmed that they have not issued any regulated stablecoins in the market.  Members of the public should stay vigilant against fraudulent activities or scams that are purported to be associated with the licensees or their stablecoin issuance.  If in doubt, members of the public should refer to the official announcements of the two licensees. When acquiring or using stablecoins, members of the public are reminded to do so only through regulated channels.