First Batch of Hong Kong Stablecoin Licenses to Be Announced This Afternoon

Reporters have learned that the Hong Kong Monetary Authority will announce the first batch of stablecoin licenses at 5:00 PM on April 10. Subsequently, licensed stablecoin issuers will meet with the media. Previously, the Hong Kong Monetary Authority completed the final review of the first batch of applications in mid-March 2026 and is currently in the preparatory stage for official public notice. The HKMA received a total of 36 applications, and the plan is to issue 2 to 3 licenses in the first batch under strict regulatory standards. In early February this year, HKMA Chief Executive Eddie Yue stated that they would strive to issue Hong Kong's first batch of stablecoin issuer licenses in March this year. He also emphasized: "The number of licenses in the first batch will certainly not be large, with the goal of ensuring stability." (National Business Daily)