Odaily Planet Daily News: With the "Stablecoin Regulations" set to officially take effect on August 1, there are currently 50 to 60 companies interested in applying for a Hong Kong stablecoin license, half of which are payment institutions and the other half are well-known internet companies, most of which have Chinese backgrounds. The industry expects that only 3 to 4 licenses will be issued in the first phase, with the initial stablecoins primarily pegged to the Hong Kong dollar and the US dollar. (Hong Kong 01)