Wu Jie Zhuang: Hong Kong will issue the first batch of stablecoin issuer licenses in March, aiming to promote usage through stablecoin airdrops.

On February 19, Hong Kong Legislative Council member Wu Jie-zhuang stated on the 78 HOY News Channel program “Finance CHAT” that Hong Kong will issue the first stablecoin issuer licenses in March. He hopes the government will promote the use of cryptocurrencies across the city through stablecoin airdrops. Wu Jie-zhuang pointed out that three years ago, the government issued electronic consumption vouchers of HKD 10,000 per person, which significantly popularized electronic payments. He suggested that after stablecoin issuers obtain their licenses, the government could distribute stablecoin airdrops to eligible citizens for local small and medium-sized enterprise consumption (such as dining, entertainment, watching shows, etc.), thereby enhancing Hong Kong’s status as a Web3 and digital asset hub and achieving a dual benefit of stimulating the economy and promoting cryptocurrency adoption. Wu Jie-zhuang emphasized that this move is not simply government handouts but aims to create a multiplier effect through stablecoin consumption vouchers, with administrative costs covered by licensed companies. (techub news)