Analysis: Hong Kong Stablecoin License Application Intent Far Exceeds Expectations, HKMA May Issue More Licenses in the Future

BlockBeats News, September 3rd, according to Aastocks, Ma Yingcong, Director of the United Nations Hong Kong Fund Greater Bay Area Development Research, stated in an interview with Radio Television Hong Kong that the clear regulatory and policy direction of the Hong Kong Stablecoin has attracted many institutions. Currently, the intention to apply for a license far exceeds expectations. It is believed that large technology companies will tend to use stablecoins in payment scenarios, while traditional financial institutions may apply them to cross-border settlements. If the first batch of stablecoins licensed institutions operate effectively, it will drive the Hong Kong Monetary Authority to issue more licenses in the future.