Hong Kong plans to issue stablecoin licenses early next year as part of its regulatory framework for digital currencies. Financial Secretary Michael Hsu Cheng-yu announced on December 19 that the government received 36 applications by September 30. The licensing process will prioritize projects demonstrating strong reserve management, price stability, and robust Anti-Money Laundering measures. This initiative aims to enhance investor protection and minimize transaction disputes in the burgeoning stablecoin market.