<ul data-eligibleForWebStory="false"><li>Hong Kong to issue fewer than 10 stablecoin licenses by August 2025 with stringent approval conditions.</li><li>Over 40 international firms, including JD.com and Ant Group, have applied for stablecoin licenses.</li><li>Licensing focuses on fiat-pegged stablecoins with strict risk controls and compliance with AML laws.</li><li>Hong Kong aims to become a stablecoin issuance hub with a gradual regulatory framework under its Digital Asset policy.</li></ul>

Intense Demand for Hong Kong’s New Stablecoin Licensing Program

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