Market news: HSBC and Standard Chartered Bank have obtained stablecoin licenses in Hong Kong.

PA一线
PA一线

PANews reported on April 10 that, according to market sources, HSBC and Standard Chartered Bank have obtained stablecoin licenses in Hong Kong.

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Hong Kong has issued stablecoin licenses, but after a fierce competition among 36 major players, only 2 have been granted licenses to operate.
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Dingdian Financial: Expected to launch a regulated, Hong Kong dollar-pegged stablecoin, "HKDAP," in phases starting in the second quarter of this year.
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The shareholding structure of Dingdian Financial Holdings has been revealed: Standard Chartered holds a 50.5% controlling stake, while Animoca Brands holds 37.5%.
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Usman Ahmad, CEO of Zodia Markets, a cryptocurrency trading platform owned by Standard Chartered, has resigned.
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The Hong Kong Monetary Authority (HKMA) responded to the delay in issuing the first batch of compliant stablecoin licenses: It is making every effort to advance the process.
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PA一线

Sources say Hong Kong will issue stablecoin licenses to HSBC, Standard Chartered, and OSL.

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