CBN: Currently, multiple companies, including JD.com, Standard Chartered, and Ant Group, are preparing to apply for Hong Kong stablecoin licenses, leading to fierce competition.
According to a report by China Business News, over 40 companies are preparing to apply, including JD Coinlink, Standard Chartered-Anif-HKT Consortium, Yuancoin Innovation, and Ant International, among others. However, it is expected that only a single-digit number of licenses will be issued in the end, making the competition extremely fierce. Industry insiders point out that the applicant institutions are mainly large Chinese financial institutions and internet companies, and some companies have already begun actively recruiting blockchain talent. Experts believe that although stablecoins can improve the convenience of cross-border payments, their actual cost is close to 1%, and their disruptive impact on the international monetary system is exaggerated. [ChainCatcher]
CBN: Currently, multiple companies, including JD.com, Standard Chartered, and Ant Group, are preparing to apply for Hong Kong stablecoin licenses, leading to fierce competition.
According to a report by China Business News, over 40 companies are preparing to apply, including JD Coinlink, Standard Chartered-Anif-HKT Consortium, Yuancoin Innovation, and Ant International, among others. However, it is expected that only a single-digit number of licenses will be issued in the end, making the competition extremely fierce. Industry insiders point out that the applicant institutions are mainly large Chinese financial institutions and internet companies, and some companies have already begun actively recruiting blockchain talent. Experts believe that although stablecoins can improve the convenience of cross-border payments, their actual cost is close to 1%, and their disruptive impact on the international monetary system is exaggerated. [ChainCatcher]
