Hong Kong 🇭🇰 Stablecoin License About to Be Issued‼️

According to market sources:
• Expected to issue 3—5 licenses
• Currently 36 institutions have applied
• Approval rate likely below 10%

The most concerned market question is:
Who is most likely to get the first batch of licenses?

Currently, the industry is discussing several major camps:

First, Internet and Industrial Capital Camp
• JD.com
• China Publishing Group
• Bonded Technology
• Cuiwei Holdings

Second, Fintech Camp
• Ant Group Related System
• Xinneng Technology
• Langsin Technology
• Jinzheng Technology

Third, Traditional Finance and Payment Camp
• Big Three Banks System
• Yowin Technology
• Founder Technology
• Huafeng Superstrand

If measured by compliance capability + technical capability + financial strength,
the market generally believes:
Internet giants + bank-backed institutions
have higher probability of obtaining the first batch of licenses.

After all, the essence of stablecoins is:
financial infrastructure + regulatory technology combined.