Deep Tide TechFlow News, on July 8, according to Caixin, more than 40 companies are currently preparing to apply, including JD Coin Chain, Standard Chartered-Anhui-HKT Consortium, Yuan Coin Innovation, and Ant International, but it is expected that only a single-digit number of licenses will be issued, making the competition extremely fierce. Industry insiders pointed out that the applying institutions are mainly large Chinese financial institutions and internet companies, and some companies have begun actively recruiting blockchain talent. Experts believe that while stablecoins can improve the convenience of cross-border payments, their actual cost is close to 1%, and the disruptive impact on the international monetary system is exaggerated.