Hong Kong's first batch of stablecoin issuer licenses may be announced soon, with Standard Chartered, HSBC, and OSL reportedly shortlisted.

Hong Kong Financial News reports that the list of the first licensed stablecoin issuers in Hong Kong may be announced this month. Sources say Standard Chartered Bank, HSBC, and licensed virtual asset trading platform OSL are among the first batch. The announcement could come as early as next week, but the list is still subject to change. Previously, about five candidates were considered, but the final list may be reduced to three, with regulators likely prioritizing banking institutions to ensure stability and market confidence. Notably, there are no reports of mainland Chinese institutions making the list, and organizations like Yuanbi Technology and Lianlian Digital may not be included in the first batch. The Hong Kong Monetary Authority has stated they will not comment on market rumors.