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Hong Kong issues its first batch of stablecoin licenses! HSBC and Standard Chartered receive approva

In the afternoon of April 10, Hong Kong's stablecoin-related stocks saw a strong rally, with Guotai Junan International surging as much as 4 Show More
In the afternoon of April 10, Hong Kong's stablecoin-related stocks saw a strong rally, with Guotai Junan International surging as much as 45% intraday, and A&A Investment rising 20%, amid market speculation over the issuance of licenses. Around 5:10 PM, the Hong Kong Monetary Authority announced the first batch of stablecoin licenses, granted to Anchor Point Financial (a joint venture between Standard Chartered, HKT, and Ant Group) and HSBC Bank, marking the implementation of stablecoin regulation in Hong Kong. Could HSBC and Standard Chartered’s partners benefit? Where do you think the investment opportunities lie?
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