Analysis: The number of applications for Hong Kong stablecoin licenses far exceeds expectations, and the HKMA may issue more licenses in the future
ChainCatcher news, according to market sources, Mak Wing-chung, Director of Greater Bay Area Development Research at Our Hong Kong Foundation, stated in an interview with Hong Kong Radio that Hong Kong's clear stablecoin regulatory and policy direction has attracted numerous institutions. Currently, the number of license applications far exceeds expectations. He believes that large technology companies will tend to use stablecoins in payment scenarios, while traditional financial institutions may apply them in cross-border settlements.
If the first batch of licensed stablecoin institutions operate well, it will drive the Hong Kong Monetary Authority to issue more licenses in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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