A foreign-funded major bank responded to the Hong Kong stablecoin license application and is still waiting for official news from the regulators

Recently, there have been reports that the first batch of stablecoin licenses in Hong Kong will be granted to HSBC, Standard Chartered, and the local virtual asset trading platform OSL. We have inquired through the channels of HSBC and Standard Chartered's subsidiaries in China for verification, but neither has provided a positive response. However, an insider from one of the foreign banks revealed: "We are still waiting for formal news from the regulators."