77 institutions expressed their intention to apply for Hong Kong stablecoin licenses, but the HKMA only arranged a preliminary meeting

PANews reported on September 1st, according to Sing Tao Daily, that the Hong Kong Monetary Authority (HKMA) had received expressions of interest in applying for stablecoin issuer licenses from 77 institutions as of the end of August . These institutions include banks, technology companies, securities and asset management firms, e-commerce companies, payment institutions, and Web3 startups. The HKMA has arranged meetings with the relevant institutions, emphasizing that expressions of interest and meetings do not constitute approval, and that final licensing will depend on whether the application meets the requirements. Initially, only a small number of licenses will be granted, and the public is reminded to be wary of unlicensed stablecoin advertising.