Several institutions such as JD.com, Standard Chartered, Ant Group, and others are preparing for the Hong Kong stablecoin license, with the expected number of licenses to be issued in single digits.

By: theblockbeats.news|2025/07/08 11:07:47

BlockBeats News, July 8th, according to China's First Financial Daily report, the Hong Kong "Stablecoin Regulation" will take effect on August 1st this year, when the Hong Kong Monetary Authority will begin to accept license applications. Hong Kong stablecoin licenses are relatively rare and highly sought after, with the expected number of licenses to be issued in single digits. Apart from already officially announced applicants such as JD.com, Standard Chartered, RoundCoin, more than 40 companies are preparing to submit applications, with law firms indicating that dozens of companies interested in applying are currently in the consultation or preparation stage. The applying institutions are mostly China's largest financial institutions and internet companies, while some small enterprises intending to apply have slim hopes.

-- Price

Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...

In such a crowded cross-border payment arena, where is the next stop for the future?

Only by stepping into the mud can one have the chance to touch gold.

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The large models in the United States are moving towards closure in the name of security

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Overview of Important Market Events on June 25

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Overview of Important Market Events on June 29

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