PANews July 14 news, according to Hong Kong 01, as the (stablecoin regulation) will officially take effect on August 1, there are currently 50 to 60 companies interested in applying for a stablecoin license in Hong Kong, of which half are payment institutions and the other half are well-known internet companies, most of which have Chinese backgrounds. The industry expects that the first phase will issue only 3 to 4 licenses, with the initial stablecoins primarily pegged to the Hong Kong dollar and the US dollar.
