Fintech firm sees the city as a payment hub for Chinese companies under new regulatory framework for stablecoins
Hong Kong is positioning itself as a strategic bridge for mainland Chinese firms exploring stablecoin-based commerce, according to EBANX’s chief executive.
The Brazilian payments-tech company is actively evaluating how Hong Kong’s recent stablecoin licensing regime can enable cross-border trade and settlement for China-based businesses.
“The new framework in Hong Kong is transformational,” said João Del Valle, CEO and co-founder of EBANX.
“Hong Kong is becoming an entry point into the mainland, and that is the most attractive aspect of it.” He added that while adoption of stablecoins might be gradual, the city’s regulatory clarity and connectivity to China make it a natural hub for experimentations in “programmable money”.
Hong Kong rolled out one of the world’s first full-licensing regimes for fiat-referenced stablecoins on August 1 2025, under which issuers must secure a licence from the Hong Kong Monetary Authority (HKMA), hold reserves of high-quality liquid assets and meet stringent operational requirements.
Analysts note that the high barriers are likely to channel initial activity toward well-capitalised incumbents rather than startups.
Del Valle said that EBANX is exploring embedding stablecoin support into its global payment-rails ecosystem and targeting Chinese-export firms that face friction in traditional settlement channels.
He emphasised that settlement via stablecoins can occur in seconds compared with one to two days for conventional wire transactions, a key benefit for international trade.
The Hong Kong regime is not designed for rapid speculation, but rather for a controlled runway of institutionalised stablecoin participation.
According to regulators and market observers, the city aims to serve as a sandbox for innovation in tokenised finance and cross-border settlement, tied to the broader agenda of internationalising the Chinese currency and enhancing the global role of the renminbi.
Nevertheless, new reporting shows that some mainland firms—including tech giants that had been preparing for stablecoin issuance—have paused their projects following more cautious guidance from mainland regulators.
This introduces uncertainty into the ecosystem, even as Hong Kong continues to promote itself as a fintech bridge between China and the world.
For EBANX, the opportunity lies in servicing a new wave of Chinese exporters, e-commerce companies and digital-commerce platforms that can benefit from faster settlement and broader access via stablecoins.
Del Valle said the firm expects “some significant growth next year in stablecoin use as a payment method globally.”
Beyond China-linked trade, the developments reinforce Hong Kong’s ambition to build up digital-asset infrastructure and tokenised finance capability.
Whether stablecoins will scale quickly or remain niche remains to be seen, but for firms like EBANX the regulatory foundation in Hong Kong offers an attractive platform to test next-generation payments and settlement models.
The Brazilian payments-tech company is actively evaluating how Hong Kong’s recent stablecoin licensing regime can enable cross-border trade and settlement for China-based businesses.
“The new framework in Hong Kong is transformational,” said João Del Valle, CEO and co-founder of EBANX.
“Hong Kong is becoming an entry point into the mainland, and that is the most attractive aspect of it.” He added that while adoption of stablecoins might be gradual, the city’s regulatory clarity and connectivity to China make it a natural hub for experimentations in “programmable money”.
Hong Kong rolled out one of the world’s first full-licensing regimes for fiat-referenced stablecoins on August 1 2025, under which issuers must secure a licence from the Hong Kong Monetary Authority (HKMA), hold reserves of high-quality liquid assets and meet stringent operational requirements.
Analysts note that the high barriers are likely to channel initial activity toward well-capitalised incumbents rather than startups.
Del Valle said that EBANX is exploring embedding stablecoin support into its global payment-rails ecosystem and targeting Chinese-export firms that face friction in traditional settlement channels.
He emphasised that settlement via stablecoins can occur in seconds compared with one to two days for conventional wire transactions, a key benefit for international trade.
The Hong Kong regime is not designed for rapid speculation, but rather for a controlled runway of institutionalised stablecoin participation.
According to regulators and market observers, the city aims to serve as a sandbox for innovation in tokenised finance and cross-border settlement, tied to the broader agenda of internationalising the Chinese currency and enhancing the global role of the renminbi.
Nevertheless, new reporting shows that some mainland firms—including tech giants that had been preparing for stablecoin issuance—have paused their projects following more cautious guidance from mainland regulators.
This introduces uncertainty into the ecosystem, even as Hong Kong continues to promote itself as a fintech bridge between China and the world.
For EBANX, the opportunity lies in servicing a new wave of Chinese exporters, e-commerce companies and digital-commerce platforms that can benefit from faster settlement and broader access via stablecoins.
Del Valle said the firm expects “some significant growth next year in stablecoin use as a payment method globally.”
Beyond China-linked trade, the developments reinforce Hong Kong’s ambition to build up digital-asset infrastructure and tokenised finance capability.
Whether stablecoins will scale quickly or remain niche remains to be seen, but for firms like EBANX the regulatory foundation in Hong Kong offers an attractive platform to test next-generation payments and settlement models.







































