ICBC Asia and HSBC have stated that it will apply for Hong Kong stablecoin license

PANews reported on September 8 that according to the News Agency, the Hong Kong Monetary Authority only issued several stablecoin licenses in the first phase, and as of the end of August, 77 institutions have expressed their intention to apply for licenses. According to reports, Industrial and Commercial Bank of China (Asia) has applied to the HKMA, and has become another major Chinese bank to make a statement after Bank of China Hong Kong. HSBC has also stated that it is highly likely that Standard Chartered and Bank of China Hong Kong will obtain the first batch of licenses.