Hong Kong to announce first licensed stablecoin issuer today

The Hong Kong Monetary Authority (HKMA) announced it will reveal the first recipient of its stablecoin issuer license at 9:00 a.m. UTC today. The announcement, originally scheduled for the end of March, had been previously postponed. HSBC, Standard Chartered, and the Hong Kong-based cryptocurrency exchange OSL have been cited as leading candidates for the license.