🚨The era of Hong Kong stablecoins officially begins.

On April 10th at 5 PM, the Hong Kong Monetary Authority will announce the list of the first batch of stablecoin licenses.
Among 36 applicants, only 2 to 3 licenses will ultimately be granted—meaning those who get the license will directly enter the core circle of Asian digital finance.
Why is this important?
Stablecoins are not ordinary tokens; fundamentally, they are:
A "highway" connecting real-world finance and the crypto world.
Whoever gets the license first, will control the future:
👉 The right to compliant issuance
👉 Fiat on-ramp access
👉 On-chain payment and settlement authority
In simple terms:
Who controls stablecoins, who controls the next round of capital inflows.
Is this good news or bad news for the crypto market?
Positive aspects:
✅ Hong Kong officially issuing licenses means regulation is finally truly implemented
This will boost institutional confidence, encouraging larger capital inflows.
✅ With compliant stablecoins emerging, Asian capital will find it easier to enter the crypto market
BTC, ETH, and RWA sectors will all benefit in the future.
✅ Hong Kong may become one of the world's first truly mature stablecoin financial hubs
This is a major positive signal for the entire industry.
Negative aspects:
⚠️ The first batch of licenses is very limited, with very high thresholds
Many small and medium projects will be excluded, accelerating industry reshuffling.
⚠️ Stricter regulation of stablecoins also means the "wild growth era" is ending
Unregulated projects may be quickly phased out in the future.
⚠️ If licenses are concentrated in traditional financial giants, the decentralized space could be squeezed.
My core judgment:
This is not just about issuing licenses,
It’s Hong Kong fighting for—
The global pricing power of stablecoins.
In the past, the discourse power of stablecoins was long held by the US dollar system,
Now Hong Kong aims to establish its own on-chain currency order in Asia.
What does this mean for the crypto world?
In the future, what’s truly valuable isn’t just the coins themselves,
But:
Who has the legal qualification to issue stablecoins.
The next bull market may not start with a surge in BTC,
But with the battle for stablecoin licenses.
🔥Whoever gets the license first, will take the lead in capturing the financial gateways of the next decade.
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