#香港3月发首批稳定币牌照 Hong Kong's First Stablecoin Licenses: Launching in March, Underlying Logic of Financial Innovation
Stablecoins are virtual assets whose core function is to anchor fiat currencies or other assets to maintain stable value. The current global total is approximately $250 billion, a 45-fold increase from $5 billion in 2019.
Currently, Standard Chartered Bank (Hong Kong), Ant Group, and Hong Kong Telecom Consortium are conducting tests within the Hong Kong Stablecoin Sandbox, making them among the first license candidates.
Since 2023, Hong Kong has issued licenses to 11 virtual asset