🔥Hong Kong's first stablecoin license announced this afternoon

The Hong Kong Monetary Authority will announce the first batch of stablecoin licenses at 5 p.m. on April 10, and licensed stablecoin issuers will then meet the media. Previously, the HKMA had completed the final review of the first batch of applications by mid-March 2026, entering the official public announcement preparation stage, with a total of 36 applications received. The first batch of licenses is planned to be issued for 2 to 3 licenses, with strict regulatory standards. In early February, Hong Kong Monetary Authority Chief Executive Yu Weiwen stated that they aim to issue the first stablecoin issuer licenses by March this year, emphasizing that the number of licenses issued initially will not be large, with a cautious approach.