Analysis shows that the intention to apply for stablecoin licenses in Hong Kong far exceeds expectations, and the Monetary Authority may issue more licenses in the future

ChainCatcher news, according to market news, the head of the Greater Bay Area Development Research at the Unity Hong Kong Fund, Mai Yingcong, stated in an interview with Radio Television Hong Kong that the clear regulatory and policy direction for stablecoins in Hong Kong is attracting numerous institutions. Currently, the intention to apply for licenses far exceeds expectations, and it is believed that large technology companies will tend to use stablecoins in payment scenarios, while traditional financial institutions may apply them for cross-border settlements.

If the first batch of licensed stablecoin institutions operates well, it will encourage the Hong Kong Monetary Authority to issue more licenses in the future.