Hong Kong is set to issue its first stablecoin issuer licenses in March, according to Legislative Council member Ng Kit Chuang. Speaking on the 78 HOY channel's "Finance CHAT" program, Ng suggested that following the issuance of these licenses, stablecoins could be distributed as airdrops or vouchers to eligible citizens. This initiative aims to stimulate local small and medium-sized enterprises (SMEs) by encouraging spending in sectors such as dining and entertainment. The administrative costs associated with this distribution could be covered by the licensed companies.