Techub News reports, according to Tencent News 'Periscope', during this period, over 50 companies or institutions have flocked to the Hong Kong Monetary Authority, the regulator for stablecoins in Hong Kong. Most of these companies are involved in cross-border trade, such as a certain energy giant state-owned enterprise, CITIC Group, and others are among them. They hurriedly traveled south to meet with the regulatory team of the Hong Kong Monetary Authority to discuss the possibility of applying for a stablecoin license.