Krutika Adani
Hong Kong’s financial secretary, Christopher Hui, confirms only a handful of stablecoin licenses will be issued initially — with a clear focus on legal clarity and operational quality.
Stablecoins will be used primarily for international payments, aimed at countries with unstable currencies or underdeveloped banking systems — reducing both cost and time.
Companies like JD.com are already gearing up to adopt the new licenses — underlining strong institutional trust in Hong Kong’s regulatory move.
Experts say Hong Kong is emulating Singapore’s stablecoin success — paving the way for institutional adoption, innovation, and global influence.
If done right, Hong Kong’s stablecoin framework could become a regional benchmark — transforming not just payments, but how digital assets are regulated worldwide.