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CITIC Securities: Continue to pay attention to issuers who may obtain the first batch of stablecoin licenses.

MetaEraJul 30, 2025
#DeFi
On July 30 (UTC+8), CITIC Securities Research reported that on July 29, the Hong Kong Monetary Authority (HKMA) issued a series of documents regarding the regulatory regime for stablecoin issuers, which will be implemented on August 1. The core document is the "Supervisory Guidelines for Licensed Stablecoin Issuers," and the "Summary Explanation of the Licensing System for Stablecoin Issuers" is currently the most instructive for the application phase. In terms of timeline, the HKMA encourages prospective applicants to contact the regulator before August 31, and the deadline for mature applicants is September 30. The first batch of licenses will be limited to single digits and is expected to be issued before the end of the year. It is recommended to continue focusing on two main themes: issuers who may obtain the first batch of scarce licenses, and scenario platforms that are definitively involved in creating stablecoin usage scenarios. (Source: Jinshi) [MetaEra]
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CITIC Securities: Continue to pay attention to issuers who may obtain the first batch of stablecoin licenses.

MetaEraJul 30, 2025
#DeFi
On July 30 (UTC+8), CITIC Securities Research reported that on July 29, the Hong Kong Monetary Authority (HKMA) issued a series of documents regarding the regulatory regime for stablecoin issuers, which will be implemented on August 1. The core document is the "Supervisory Guidelines for Licensed Stablecoin Issuers," and the "Summary Explanation of the Licensing System for Stablecoin Issuers" is currently the most instructive for the application phase. In terms of timeline, the HKMA encourages prospective applicants to contact the regulator before August 31, and the deadline for mature applicants is September 30. The first batch of licenses will be limited to single digits and is expected to be issued before the end of the year. It is recommended to continue focusing on two main themes: issuers who may obtain the first batch of scarce licenses, and scenario platforms that are definitively involved in creating stablecoin usage scenarios. (Source: Jinshi) [MetaEra]
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