According to Techub News, the Hong Kong Monetary Authority's official website has updated information stating that with the implementation of the regulatory system for stablecoin issuers under the "Stablecoin Ordinance" on August 1, 2025, the issuance of fiat stablecoins will become a regulated activity that requires a license. Therefore, it outlines the relevant details of the regulatory system, including the licensing system for stablecoin issuers, the supervision of licensed stablecoin issuers, and the record of licensed stablecoin issuers. The record of licensed stablecoin issuers contains the names and basic information of the licensed stablecoin issuers, and the public can access the latest list of licensed institutions through the record. Currently, there are no licensed stablecoin issuers, and the related list will be updated in due course.