$USDC Hong Kong will officially license stablecoin issuing companies starting from August 1, becoming one of the first places with clear regulations for stablecoins.

Previously, Hong Kong allowed some banks and technology groups to test the issuance of stablecoins in a 'sandbox.' Now, they are also considering creating a stablecoin linked to the offshore yuan, opening new opportunities for companies like JD.com or Ant Group.$USTC $USD1