Today's Cryptocurrency Hotspots
One, Dynamics of Hong Kong stablecoin licenses
The Hong Kong Monetary Authority (HKMA) is expected to issue the first batch of stablecoin licenses this month, focusing on cross-border payment scenarios, aiming to build a dual-track system of 'USD stablecoin connecting internationally + HKD stablecoin connecting to the mainland.' This initiative is of great significance, not only injecting new momentum into the development of fintech in Hong Kong but also bringing more liquidity to RWA (real-world assets) transactions. As an important financial center in Asia, the establishment of Hong Kong's stablecoin regulatory framework marks a further enhancement of the recognition of cryptocurrencies in the traditional financial system.