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Sophia Panel

Hong Kong Targets First Stablecoin Licenses by March 2026 Under New Ordinance

Hong Kong plans to grant its initial batch of stablecoin licences by March 2026 after the Hong Kong Stablecoin Ordinance came into force on August 1, 2025. The Hong Kong Monetary Authority is reviewing 36 applications, with officials stressing stringent standards on risk management, reserves and use cases under a "proactive yet prudent" regulatory stance.