According to TechFlow, on July 18, the Hong Kong Monetary Authority announced the list of participants in the stablecoin issuer sandbox. The following institutions will participate in the sandbox, effective today: JD CoinChain Technology (Hong Kong) Co., Ltd., Yuanbi Innovation Technology Co., Ltd., Standard Chartered Bank (Hong Kong) Co., Ltd., Anni Group Co., Ltd., and Hong Kong Telecommunications (HKT) Limited. These institutions have demonstrated their true intention and reasonable plans to develop stablecoin issuance business in Hong Kong during the evaluation process, and will carry out the proposed operation in a risk-controlled manner under the sandbox.