Informed sources: Hong Kong's stablecoin licenses are expected to be issued by the end of March, with HSBC and Standard Chartered Bank likely to be among the first batch of approved institutions.

Techub News reports that, according to multiple informed sources, Hong Kong's first batch of compliant stablecoin licenses is expected to be issued by the end of March, with HSBC and Standard Chartered Bank likely to be among the first round of approved institutions. Informed sources stated that after the first round of licenses are issued, the approval process for the second round will also advance rapidly and is expected to be announced soon.