According to Crypto界消息, Hong Kong media Hong Kong 01 reports that the Hong Kong Monetary Authority is striving to issue the first batch of stablecoin issuer licenses in March. Previously, there were reports that HSBC and Standard Chartered Bank are expected to be the first approved institutions. In response, Georges Elhedery, CEO of HSBC Holdings, stated that HSBC is interested in participating in all of Hong Kong's innovative developments and also hopes to play a role in them. Stablecoins can facilitate seamless, real-time trade payments 24/7, and Hong Kong provides an environment for HSBC to explore related innovative technologies that serve the financial system, such as tokenized deposits, which are part of this ecosystem. Currently, HSBC has already utilized blockchain technology to assist in bond issuance, such as Hong Kong government sustainable bonds, and is also involved in tokenized gold business.