The Hong Kong Monetary Authority announced the list of the first batch of stablecoin issuer licenses, issuing two stablecoin licenses, including HSBC, as well as Standard Chartered Bank, Anli Group, and Hong Kong Telecom establishing a joint venture, Dingdian Financial Technology Limited. The standards cover multiple aspects, including business plans, understanding the issuer's functions, risk management practices and experience, applications that are reasonable and can bring value to the overall ecosystem, and compliance with laws and regulations in Hong Kong and other regions.