JD.com, Standard Chartered, Ant Group and other companies preparing to apply for Hong Kong stablecoin licenses
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JD.com, Standard Chartered, Ant Group and other companies preparing to apply for Hong Kong stablecoin licenses
According to Yicai, over 40 companies are preparing applications, including JD Blockchain, Standard Chartered-Anchorage-HKT Consortium, Circular Coin Innovation, and Ant International, among others. However, only single-digit licenses are expected to be issued, making the competition extremely intense. Industry insiders noted that applying institutions are mainly large Chinese financial institutions and internet companies, with some firms already actively hiring blockchain talent. Experts believe that while stablecoins can enhance cross-border payment convenience, their actual costs are close to 1%, and their disruptive impact on the international monetary system has been overstated.
Navigating Web3 tides with focused insightsTechFlow, July 8 — According to a report by the First Financial Daily, over 40 companies are preparing applications, including JD Blockchain, the Standard Chartered-Annie-HKT Consortium, Yuen Currency Innovation, and Ant International. However, only single-digit licenses are expected to be issued, making competition extremely fierce. Industry insiders noted that applying institutions are mainly large Chinese financial institutions and internet companies, with some already actively hiring blockchain talent. Experts believe that while stablecoins can improve cross-border payment convenience, their actual costs are close to 1%, and their disruptive impact on the international monetary system has been overstated.
