Rewards Hub The Hong Kong Monetary Authority (HKMA) is evaluating 36 applications for stablecoin licenses, with plans to issue the first batch in March. Eddie Yue, Chief Executive of the HKMA, confirmed that the Hong Kong Stablecoin Ordinance, effective since August 1, 2025, has prompted a significant number of applications. The HKMA is currently reviewing these submissions, requesting additional information on application scenarios, risk management, and reserve asset composition. The initial batch of licenses will be limited, reflecting a cautious approach to regulation.
Hong Kong Monetary Authority to Issue First Stablecoin Licenses in March
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