A major foreign bank responded to its application for a Hong Kong stablecoin license: It is still awaiting official news from regulators.

Odaily Planet Daily reports that recent reports suggest HSBC, Standard Chartered, and local virtual asset trading platform OSL will be among the first batch of stablecoin licenses issued in Hong Kong. Inquiries have been made through HSBC and Standard Chartered's subsidiaries in China, but neither has provided a direct response. However, an insider at one of the foreign banks revealed, "We are still awaiting official news from regulators." (Cailian Press)