Hong Kong Monetary Authority: Will consider issuing new licenses after the first batch of stablecoins is launched.

According to the Securities Times APP, The Hong Kong Monetary Authority issued the first batch of two stablecoin issuer licenses last month. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated that he hopes the introduction of stablecoins will be a "steady start" and progress slowly. The two stablecoin issuers are expected to launch stablecoins in mid and end of this year respectively, and their uses are quite different. The implementation of the two stablecoins will be observed first to understand whether the actual risks match the expectations, in order to optimize the regulatory process. Eddie Yue mentioned that after the first batch of stablecoins are launched, the possibility of issuing new licenses will be considered. Additionally, if new licenses are issued, it will be in limited numbers, depending on how many issuers the market can accommodate and the different new risks. He emphasized the importance of managing market expectations.