Standard Chartered, HSBC, and OSL are reportedly among the first batch of stablecoin issuers to be granted licenses in Hong Kong.

Sources indicate that the first batch of stablecoin issuer licenses in Hong Kong is expected to be released this month, with shortlisted institutions including Standard Chartered Bank, HSBC, and the licensed virtual asset trading platform OSL. The source suggests the Hong Kong Monetary Authority (HKMA) may announce the results as early as next week, but the final list is still subject to change. Previously rumored candidates Yuanbi Technology and Lianlian Digital (2598) are not currently on the latest rumored list, and no mainland Chinese institutions are among the first batch of shortlisted companies. An HKMA spokesperson declined to comment on market rumors. Industry analysts believe that the first batch of licenses will prioritize stability, and banks with strong regulatory backgrounds are expected to dominate to ensure market confidence and system stability. (Sing Tao Headlines)