The Hong Kong Monetary Authority announced the first batch of stablecoin licenses, planning to issue 2 to 3 licenses

According to Jinshi News, the Hong Kong Monetary Authority will announce the first batch of stablecoin licenses at 5 PM on April 10, after which licensed stablecoin issuers will meet with the media. The Monetary Authority received a total of 36 applications and plans to issue 2 to 3 licenses, with strict regulatory standards. The President of the Monetary Authority, Yu Weiman, stated that the number of licenses issued in the first batch will aim for prudence, with the goal of issuing licenses in March of this year.