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

ChainCatcher reports that, according to Techub News, multiple insiders have revealed that Hong Kong’s first batch of compliant stablecoin licenses are expected to be issued by the end of March, with HSBC and Standard Chartered likely to be the first approved institutions.

Sources said that after the first batch of licenses is granted, the approval process for the second batch will also proceed quickly and is expected to be announced soon.

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