Companies such as JD.com, Standard Chartered, and Ant Group are preparing to apply for a stablecoin license in Hong Kong.

[JD.com, Standard Chartered, Ant Group and other companies prepare to apply for Hong Kong stablecoin licenses] According to Yicai Global, more than 40 companies are currently preparing to apply, including JD Coin Chain, Standard Chartered-ANZ-HKT consortium, Yuan Coin Innovation, and Ant International. However, it is expected that only a single-digit number of licenses will ultimately be issued, making the competition exceptionally fierce. Industry insiders point out that the applying institutions are mainly large Chinese financial institutions and internet companies, with some businesses actively recruiting blockchain talent. Experts believe that while stablecoins can enhance the convenience of cross-border payments, their actual cost is close to 1%, and the disruptive impact on the International Monetary System is exaggerated.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)