ICBC Asia and HSBC express their application intention to the Hong Kong Monetary Authority for stablecoin license

According to BlockBeats, on September 8, according to the Xinbao, Industrial and Commercial Bank of China (Asia), a Hong Kong subsidiary of Industrial and Commercial Bank of China, has expressed its intention to apply for a stablecoin license to the Hong Kong Monetary Authority, and is another major Chinese bank that has made the same statement after Bank of China Hong Kong. HSBC has also expressed its intention to apply for a stablecoin license to the Hong Kong Monetary Authority. It is not yet clear whether HSBC will submit its application formally before the end of this month.