Hong Kong licensed two stablecoin issuers out of 36 applicants, Singapore is writing its framework into law with the region's first opening to foreign coins, Japan has all three yen-issuer lanes live or scheduled, and Taiwan passed a bank-anchored regime with criminal enforcement, all inside twelve months.
Our new pillar piece from Money Moves East: The Stablecoin Corridors in Asia in 2026 compares every regime, plus the South Korea, Australia, and UAE watchlist, with operator research from
@_CapitalLayer,
@movantis_global,
@reapglobal,
@Stabo2025, and
@TripleAHQ.
The takeaway: the licence is the entry ticket, but regulated operations on both ends of a corridor are the product, and no APAC jurisdiction passports another's licence yet.
Read the full analysis: