HKMA Maintains Open Yet Cautious Stance on Additional Stablecoin Licenses

HKMA declines to confirm rumors of imminent second-batch licenses, prioritizing oversight of current issuers' operational effectiveness and market response before considering further approvals.

Woofun AI reports that the Hong Kong Monetary Authority has addressed speculation regarding the potential issuance of a second batch of stablecoin licenses. A spokesperson stated that the authority does not comment on market rumors but remains open yet cautious about granting additional licenses and their timing, noting no clear inclination at this stage. The HKMA emphasized its current focus is on facilitating business preparations for the two existing licensed issuers. Following the successful launch of compliant stablecoins by these entities, the authority will observe the implementation of use cases, operational effectiveness, and market responses before proceeding.