According to Caixin, the Hong Kong Monetary Authority, which is responsible for regulating and issuing licenses, will communicate with potential stablecoin license applicants in advance to understand whether they meet the basic application qualifications. Only after obtaining basic recognition in the pre communication will the Monetary Authority issue the application form. The stablecoin applicant must be able to provide specific and practical application scenarios. At present, 50 or 60 companies intend to apply for the Hong Kong stable currency license, including central enterprises, financial institutions and Internet giants in mainland China. The overheating of stablecoin applications in Hong Kong may be the reason for adopting an invitation based application system this time. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45859