Odaily Planet Daily reports that the Hong Kong Monetary Authority is seeking to issue the first stablecoin issuer licenses in March. Previously, there were reports that HSBC and Standard Chartered are expected to be the first approved institutions. In response, HSBC Holdings CEO Georges Elhedery stated that HSBC is interested in participating in all of Hong Kong’s innovative developments and hopes to play a role in them. Stablecoins can enable seamless, real-time trade payments 24/7. Hong Kong allows HSBC to explore related innovative financial services, such as tokenized deposits, as part of this ecosystem. Currently, HSBC has used blockchain technology to assist in bond issuance, such as Hong Kong government sustainability bonds, and is also involved in tokenized gold business. (Hong Kong 01)
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