Insiders: HSBC and Standard Chartered Bank may be among the first institutions to receive the "Hong Kong Stablecoin License," expected to be issued by the end of March

According to Techub News, multiple sources have revealed that the first batch of compliant stablecoin licenses in Hong Kong is expected to be issued by the end of March, with HSBC and Standard Chartered likely to be among the first approved institutions.

Insiders indicate that after the first round of licenses is issued, the approval process for the second round of licenses will also be expedited, with an announcement expected soon.