Hong Kong Monetary Authority: As of the end of September, a total of 36 institutions have submitted applications for stablecoin licenses.

On October 2, the Hong Kong Monetary Authority revealed that as of September 30, it had received stablecoin license applications from 36 institutions, including banks, technology companies, and various other organizations. The Hong Kong Monetary Authority will approve licenses according to the Stablecoin Ordinance, aiming to announce the first batch of licenses early next year, with only a few licenses issued in the first phase. Previously, the Monetary Authority encouraged institutions interested in applying for a license to contact them by August 31 or earlier and submit applications by September 30 or earlier.