ICBC Asia and HSBC have expressed their intention to apply for a stablecoin license to the Hong Kong Monetary Authority.

According to a report by Jinse Finance, The Hong Kong Economic Journal has released market news stating that ICBC Asia and a certain exchange have expressed their intention to apply for a stablecoin license to the Hong Kong Monetary Authority. It is still unclear whether the exchange will officially submit the application before the end of this month.