The race for the "Digital Dollar" of Asia has officially begun. According to latest data, 36 companies have applied for HKMA’s stablecoin license, with the first approvals set for March 2026.
What you need to know:
The Bottleneck: The HKMA is intentionally restricting the number of licenses. This creates a "Hunger Games" scenario for issuers where only the most compliant survive.
The Goal: To eliminate "shadow" stablecoins and prevent a Terra-LUNA style collapse within Hong Kong’s borders.
The Impact: Expect a massive inflow of institutional capital into Hong Kong as "regulated stability" becomes the new market standard.
Is Hong Kong about to become the world’s safest crypto harbor? Let’s watch March 2026.
#BreakingCryptoNews