On July 31, the Hong Kong Monetary Authority's official website updated information stating that with the implementation of the stablecoin issuer regulatory system under the "Stablecoin Ordinance" on August 1, 2025, the business of issuing fiat-backed stablecoins will become a regulated activity requiring a license. Therefore, it lists the relevant details of the regulatory system, including: the stablecoin issuer licensing system, the supervision of licensed stablecoin issuers, and the register of licensed stablecoin issuers.

The register of licensed stablecoin issuers contains the names and basic information of licensed stablecoin issuers. The public can obtain the latest list of licensed institutions through the register. Currently, there are no licensed stablecoin issuers, and the relevant list will be updated in due course.