The first batch of stablecoin licenses in Hong Kong has only 3 candidates, with 36 applications submitted!

Hong Kong is about to issue the first batch of stablecoin licenses, with the market buzzing that only 3 institutions will be awarded, totaling no more than 4, namely Standard Chartered Bank, HSBC, and OSL.

The Hong Kong Monetary Authority has received a total of 36 applications, including major players like Ant Group, Ant International, JD Coin Chain Technology, and Lianlian Digital, but only a single-digit number will be issued in the first batch, making the competition extremely fierce.

Reporters contacted HSBC and Standard Chartered's mainland subsidiaries for verification, but both sides did not respond directly. An insider from a foreign bank stated that they are still waiting for formal regulatory news, and the Hong Kong Monetary Authority also declined to comment on market rumors.

#Hong Kong Stablecoin New Policy