CoinVoice has recently learned that with the "Stablecoin Regulations" set to officially implement on August 1, currently 50 to 60 companies are 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 in the first phase, only 3 to 4 licenses will be issued, and the initial stablecoins will mainly be pegged to the Hong Kong dollar and the US dollar. [Original link]