Hong Kong Monetary Authority: Currently, there are no offshore RMB stablecoins issued in Hong Kong.

On September 24, the Hong Kong Monetary Authority issued an important reminder, explicitly stating that the recent social media rumor claiming that "the world's first stablecoin linked to offshore yuan has been issued in Hong Kong" is fake news. The public is advised to remain vigilant and not to trust unsubstantiated information. The HKMA emphasized that the Stablecoin Regulatory Framework will officially come into effect on August 1, 2025. Any entity issuing fiat-backed stablecoins in Hong Kong or actively promoting stablecoin issuance activities to the Hong Kong public must obtain a Stablecoin Issuer License issued by the HKMA. As of now, the HKMA has not issued any stablecoin issuer licenses, so any related issuance or promotional activities are illegal. The HKMA stated that it will continue to monitor the stablecoin trading activities in the market, and if any suspected violations of the Stablecoin Regulatory Framework are found, further action will be taken based on facts and evidence. Meanwhile, the HKMA urges the public to closely monitor its official announcements, continuously verify the licensing status of stablecoin issuers through the HKMA's official website, and avoid suffering losses due to misinformation.