Hong Kong Monetary Authority: As of the end of September, a total of 36 institutions have submitted applications for stablecoin licenses

ChainCatcher news, according to Jinshi reports, the Hong Kong Monetary Authority has revealed that as of September 30, it has received stablecoin license applications from 36 institutions, including banks, technology companies, and various other entities. The Monetary Authority will approve according to the "Stablecoin Ordinance," aiming to announce the first batch of licenses early next year, with only a few licenses issued in the first phase. Previously, the Monetary Authority encouraged institutions interested in applying for a license to contact them by August 31 and submit their applications by September 30.