《36 into 2! Hong Kong's first stablecoin licenses revealed, HSBC and Standard Chartered joint venture successfully approved》 (Author: angelilu | Foresight News) On April 10, the Hong Kong Monetary Authority announced the first batch of stablecoin licenses. Out of 36 applications, only 2 were approved, with an approval rate of about 5%. HSBC and Standard Chartered's joint venture (Anchorpoint) crossed the finish line together, while tech giants and Web3 newcomers were all left out. Hong Kong's stablecoin regulations demonstrate extremely high standards for fund security, 100% fiat reserves, and independent custody, strictly positioning stablecoins within the realm of payment and settlement infrastructure. Read the full article: https://www.(wublock123.com)/articles/hong-kong-issues-stablecoin-licenses-hsbc-standchart-jv-approved-58843