Industry insiders: Hong Kong's stablecoin license is expected to be in the single digits, but more than 40 companies are preparing to submit applications According to First Financial, industry insiders have learned that stablecoin licenses in Hong Kong are relatively scarce and in high demand, with expected licenses in the single digits. However, currently, in addition to officially announced companies such as JD.com, Standard Chartered, and Yuan Coin, more than 40 companies are preparing to submit applications. The feedback from law firms also includes dozens of intended applications. At present, they are in the stage of consulting or preparing materials, and the competition is very fierce. The application agencies are basically the largest financial institutions and Internet companies in China, while some small enterprises that intend to apply are hopeless.