More than 50 companies in Hong Kong intend to apply for stablecoin licenses.
According to Hong Kong 01, with the "Stablecoin Ordinance" officially taking effect on August 1, there are currently 50 to 60 companies intending to apply for Hong Kong stablecoin licenses, half of which are payment institutions and the other half are well-known Internet companies, most of which have Chinese capital backgrounds. Cobo COO Lily expects that Hong Kong may only issue 3 to 4 licenses in the first phase, with a total of no more than 10, and the initial stablecoins will mainly be pegged to the Hong Kong dollar and the U.S. dollar. [Wu Shuo]
More than 50 companies in Hong Kong intend to apply for stablecoin licenses.
According to Hong Kong 01, with the "Stablecoin Ordinance" officially taking effect on August 1, there are currently 50 to 60 companies intending to apply for Hong Kong stablecoin licenses, half of which are payment institutions and the other half are well-known Internet companies, most of which have Chinese capital backgrounds. Cobo COO Lily expects that Hong Kong may only issue 3 to 4 licenses in the first phase, with a total of no more than 10, and the initial stablecoins will mainly be pegged to the Hong Kong dollar and the U.S. dollar. [Wu Shuo]
