Hong Kong may grant its first batch of stablecoin licences within the next two weeks, with HSBC (HKG:0005) and a joint venture led by Standard Chartered (HKG:2888) expected to be among the initial recipients, the South China Morning Post reported Thursday, citing people familiar with the matter.

The number of licences to be granted and the timing have yet to be determined and may change, though March 24 is being considered as a possible date, according to the report.

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