According to Hong Kong 01, the Hong Kong Monetary Authority issued a notice urging the public to stay alert and pay attention to press releases issued by the Fintech Innovation Hub and HSBC, which involve tokens claiming to be related to licensed stablecoin issuers. Recently, the market has seen tokens using the code names "HKDAP" or "HSBC," but these tokens are not issued by licensed stablecoin issuers and have no connection to the issuers. As of now, both licensed stablecoin issuers have stated that they have not issued any regulated stablecoins in the market. The HKMA reminds the public to refer to official announcements from licensed entities and to purchase or use stablecoins through regulated channels, warning against any fraudulent activities claiming to be associated with licensed entities.

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