Hong Kong 🇭🇰 Stablecoin License to Be Issued Soon‼️

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

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

Currently, the industry generally discusses several major camps:

1. Internet and Industrial Capital Camp
• JD.com
• China Times Publishing
• Bonded Technology
• Cuiwei Holdings

2. Financial Technology Camp
• Ant Group Related System
• Xineng Technology
• Langxin Technology
• Jinzheng Technology

3. Traditional Finance and Payment Camp
• Three Major Bank Systems
• Yumei Holdings
• Fangfang Jingchuang
• Huafeng Superfine

If evaluated by compliance capability + technical capability + financial strength:

Market consensus suggests:
Internet giants + bank system institutions
Have a higher probability of obtaining the first batch of licenses.

After all, stablecoins essentially are:
A combination of financial infrastructure + regulatory technology.