Hong Kong Monetary Authority: Takes an Open Attitude Towards Stablecoin Fiat Currency Pegs, Issuer Licensing Threshold Is High

By: theblockbeats.news|2025/07/30 10:12:28

BlockBeats News, July 30th, according to a report by Economic Daily News, Eddie Yue, Deputy Chief Executive of the Hong Kong Monetary Authority, stated at a technical briefing on the regulatory regime for stablecoin issuers that the number of stablecoin issuer licenses to be issued in the first phase is not yet determined and will depend on the quality of the application materials submitted by applying institutions. It is expected that the first stablecoin issuer license will be issued in early next year, emphasizing that "the bar for approval is very high."

Eddie Yue also stated that the Hong Kong Monetary Authority is open to fiat currency pegs. Stablecoin issuers can apply for a license for a stablecoin pegged to a specific fiat currency or a basket of fiat currencies, with an emphasis on specifying the fiat currency at the time of application.

-- Price

The leak of the CLARITY bill draft has triggered a plunge in Circle and Coinbase, directly hitting the core provision of the stablecoin "ban on interest," revealing the deep political and economic game in Washington's strict prevention of stablecoins evolving into on-chain savings accounts and the c...

Tokenized US stocks are not the "liquidity killer" of the crypto market

"As garbage coins are gradually eliminated, the protocols, infrastructure, and financial products that can truly create value have the opportunity to obtain a more reasonable valuation."

What Is TradFi and Why Is Everyone Talking About It in 2026?

Gold is rallying, SpaceX is heading for a historic IPO, and oil remains highly volatile. Discover why TradFi is back in focus and how crypto traders can access these opportunities with USDT. Put another way, TradFi Is Having Its Biggest Moment Ever, and Crypto Traders Are Perfectly Positioned

From Poland to Paris: A Look Back at WEEX's Global Community Journey in May 2026

Follow WEEX's global journey across Poland, Barcelona, Dubai, Milan and Paris. Explore Bitcoin Pizza Day, LALIGA VIP experiences, Web3 networking events, trading education and more from an action-packed May.

WEEX WXT Eco Carnival: How to Join WXT Events and Plan Trading Tasks

The WEEX WXT Eco Carnival is an ecosystem campaign built around WEEX Token (WXT), designed for users interested in platform tokens, spot trading, futures trading, deposit tasks, and referral rewards.

Morning Report | Strategy sold 32 BTC and over 800,000 shares of MSTR last week; Binance officially announced its U.S. stock trading portal; Polymarket reached an exclusive partnership with OneFootball

Overview of Important Market Events on June 1st

Zhou Hang: How much is SpaceX really worth?

Great companies do not equal good stocks: A deep analysis of why SpaceX's $1.75 trillion IPO valuation may contain a $1.25 trillion bubble, and retail investors should avoid blindly chasing "story premiums."

IOSG: From Coinbase to Upbit: How a Token Completes a 28-Day Journey of Taking Over

The IOSG report indicates that by 2026, the listing of tokens on first-tier exchanges has formed a highly structured path where Coinbase and ByBit are responsible for initial discovery, Binance quickly verifies and confirms, and Korean exchanges provide liquidity at the end.

Morning Report | Coinbase Ventures makes its first investment in ENA; SpaceX plans to set the IPO price at $135 per share

Overview of Important Market Events on June 3rd