The Hong Kong Monetary Authority reports 36 stablecoin license applications from banks and tech firms, with the first batch of approvals expected early next year under the Stablecoin Ordinance.
The Hong Kong Monetary Authority has received 36 stablecoin license applications by the September 30 deadline. The licenses will be issued under the Stablecoin Ordinance, with a limited number of approvals in the first batch expected early in 2026. The authority had urged applicants to submit their applications by the end of September.