According to BlockBeats, the Director of Greater Bay Area Development Research at the Our Hong Kong Foundation, Mai Yingcong, stated in an interview with Hong Kong Radio that the clear regulatory and policy direction for stablecoins in Hong Kong is attracting numerous institutions. The interest in license applications has exceeded expectations. It is anticipated that large technology companies will prefer using stablecoins in payment scenarios, while traditional financial institutions may apply them in cross-border settlements. If the initial batch of licensed stablecoin operators performs well, it could encourage the Hong Kong Monetary Authority to issue more licenses in the future.