Wu said that according to First Financial, the "Stablecoins Ordinance" will officially come into effect on August 1st this year, and the Hong Kong Monetary Authority will initiate license applications. Stable coin licenses are scarce and expected to be issued in single digits, but currently more than 40 companies are preparing to apply, and law firms have reported that there are still dozens more interested, making competition fierce. The applicants are basically China's largest financial institutions and Internet companies, including Jingdong, Standard Chartered, Yuanyuan, Ant International, Ant Digital, etc. Some SMEs have little opportunity to apply because of the high threshold. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45206