Techub News reports, according to Wen Wei Po, Hong Kong Monetary Authority Deputy Chief Executive Chen Weimin stated that the choice of which currency to issue for stablecoins mainly depends on the applicant's own decision. They will first launch a Hong Kong dollar stablecoin, and in the future, issuing other currencies including the Renminbi is permitted under Hong Kong's system, but applicants also need approval from mainland regulatory authorities. Regarding when the second batch of stablecoin issuer licenses will be issued, Chen Weimin said there is currently no specific timetable, but they have been maintaining communication with applicants interested in applying for licenses. According to reports, HSBC's stablecoin will be integrated into the PayMe and HSBC HK App applications, supporting real-time transfers between individuals and P2M (person-to-merchant) services.