50+ companies in Hong Kong are scrambling for stablecoin licenses! A global capital migration has begun, and USDT and USDC may face an epic reshuffle?
Analysis of bombshell-level news:
The Hong Kong Monetary Authority dropped a bombshell today! Over 50 financial institutions, including HSBC and Standard Chartered, have submitted applications for stablecoin licenses, with the first batch expected to be announced in Q3. This is not only the first compliant stablecoin regulatory framework in Asia, but it also means that Hong Kong is officially extending an olive branch to global crypto capital — a strategic breakthrough amid the Sino-U.S. financial war!
Three major disruptive impacts:
[USDT Empire Crisis] Tether did not appear on the application list! Hong Kong may require a 1:1 Hong Kong dollar reserve, and existing U.S. dollar stablecoins may face an 'Asian isolation wall.'
[Countdown to the New King’s Ascendancy] HSBC's proposed HKD₮ has received support from Bank of China (Hong Kong) and ICBC Asia, with the prototype of the Hong Kong version digital dollar taking shape!
[Offshore RMB Breakthrough] Sources reveal that some applying institutions are testing CNH₮, targeting the trillion-dollar blue ocean of cross-border trade settlement.
Opportunities for explosive profits:
Compliance stablecoin track: Pay attention to listed companies that have submitted applications.
Zhongan Bank's parent company, Baishida Holdings, has surged 47% in three days.
Round Coin Technology has received backing from Li Ka-shing's Victoria Harbour Investments.
Hong Kong concept coins: CFX and KEY saw net capital inflows exceeding 80 million USD in three days.
Zhuque's practical advice:
Immediately reduce USDT positions and transfer to BUSD and other clearly compliant targets.
Ambush local exchange concept coins in Hong Kong (focus on HKEX cooperation projects).
Beware of unlicensed stablecoins that may face the risk of Hong Kong bank channel closures.
Ultimate warning: Before the Federal Reserve's September meeting, this move by Hong Kong may trigger retaliatory regulations from the U.S. SEC! It is recommended that USDT holders open a Hong Kong dollar OTC channel to hedge risks!
Are you stuck? When will you buy the dip? As I've said, in confusion and helplessness, not knowing what to do, click on my avatar to comment. I need fans, and you need references.
