TechFlow news, September 3 — According to Aastocks, Wong Ying Chung, Research Director for Greater Bay Area Development at the Unity Hong Kong Foundation, said in an interview with Radio Television Hong Kong that clear regulations and policy direction on stablecoin have attracted numerous institutions, with license application interest far exceeding expectations. He believes large technology firms are likely to adopt stablecoins in payment scenarios, while traditional financial institutions may apply them in cross-border settlements. If the first batch of licensed stablecoin operators perform well, it will encourage the Hong Kong Monetary Authority to issue more licenses in the future.
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