PANews reported on April 10 that OSL Group (863.HK), a global stablecoin payment and trading platform, welcomed the Hong Kong Monetary Authority's issuance of the first batch of stablecoin issuer licenses under the Stablecoin Ordinance and will continue to work closely with stakeholders to actively participate in the development of the compliant stablecoin ecosystem in Hong Kong.

A spokesperson for the OSL Group stated that the Hong Kong Monetary Authority's formal granting of licenses to compliant stablecoin issuers is a significant positive development for the entire Hong Kong digital asset industry. The OSL Group will leverage its strengths in distribution, liquidity, and infrastructure to actively collaborate with issuers and other stakeholders to promote the implementation of related products and applications, thereby building a compliant stablecoin ecosystem in Hong Kong.