Hong Kong's First Batch of Stablecoin Issuers License to Be Announced, Standard Chartered, HSBC, and OSL Rumored to Be Included

BlockBeats News, March 12, according to Sing Tao Daily, the list of the first batch of stablecoin issuers in Hong Kong may be announced this month. Sources said that Standard Chartered Bank, HSBC, and licensed virtual asset trading platform OSL are among the first batch of candidates. The announcement could come as early as next week, but the list is still subject to changes. Previously, there were about 5 candidate institutions, which may finally be reduced to 3. Regulators may focus on bank institutions to ensure stability and market confidence.

It is worth noting that there are rumors that Chinese institutions did not make it to the list, and institutions like Circle Tech and LianLian Digital may not be included in the first batch. The Hong Kong Monetary Authority has stated that it does not comment on market rumors.