Hong Kong 🇭🇰 Stablecoin License About to Be Issued‼️

According to market sources:
• Estimated 3-5 licenses to be issued
• Currently 36 institutions have applied
• Pass rate may be below 10%

The most concerning question in the market is:
Who is most likely to receive the first batch of licenses?

Currently, the industry widely discusses several major camps:

I. Internet and Industrial Capital Camp
• JD.com
• China Times Publishing
• Bonded Technology
• Cuiwei Co., Ltd.

II. Financial Technology Camp
• Ant Group related ecosystem
• Xinneng Technology
• Langxin Technology
• Goldjin Technology

III. Traditional Finance and Payment Camp
• Three Major Banks System
• Yuyin Co., Ltd.
• Lifong Fintech
• Huafeng Superfiber

If judged by compliance capability + technical capability + capital strength,
the market widely believes:
Internet giants + banking system institutions
have a higher probability of receiving the first batch of licenses.

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