The Hong Kong Monetary Authority (HKMA) has issued a warning to the public regarding tokens falsely claiming association with licensed stablecoin issuers. Recent market activity has seen tokens using the codes "HKDAP" or "HSBC," which are not issued by any licensed stablecoin issuer and have no connection to them. Both licensed issuers have confirmed they have not released any regulated stablecoins to the market. The HKMA advises the public to consult official announcements from licensed issuers and to purchase or use stablecoins only through regulated channels. The authority emphasizes vigilance against fraudulent activities claiming links to licensed issuers.