Hong Kong's recent stablecoin license is directly playing 'hunger marketing'! Originally rumored to issue 10 licenses, it's now been cut down to 3-4 — after discussions with the central bank, the Monetary Authority realized it has to bear the responsibility and must strictly control the risks! 😱

Chinese banks and brokerages have long been queuing up for this: traditional banks like Bank of China Hong Kong and Shanghai Commercial Bank, as well as brokerages like Guotai Junan International, are all eyeing the issuance and custody business, resembling a 'beach landing operation' in the crypto sphere. Big players like Standard Chartered, Ant Group, and JD.com have even formed alliances, with Standard Chartered teaming up with telecom companies for Hong Kong dollar stablecoins, and Ant International bringing in Deutsche Bank for custody — this scene is even more thrilling than the rush for Bitcoin mining machines back in the day! #稳定币热潮