Hong Kong Plans to Issue Stablecoin Licenses by March 2026
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 19h ago- Stablecoin License Applications: As of August 1, 2025, the Hong Kong Monetary Authority (HKMA) has received 36 applications for stablecoin licenses, indicating strong market interest and positioning Hong Kong as a potential regulatory hub for stablecoins.
- Emphasis on Risk Management: HKMA Chief Executive Eddie Yue stressed the need for applicants to provide detailed information on risk management and reserve assets, aiming to ensure the safety and transparency of stablecoins, thereby enhancing market confidence.
- Global Regulatory Trends: Hong Kong's Stablecoin Ordinance aligns with global trends, particularly mirroring the U.S. CLARITY Act of 2025, which may foster international collaboration and investment influx, enhancing Hong Kong's standing in the global financial market.
- Optimistic Market Response: Financial Secretary Paul Chan indicated that the first licenses are expected to be issued in Q1 2026 under a 'proactive yet prudent' regulatory approach, with the market expressing cautious optimism and awaiting further guidance on licensing terms.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
