HKMA Maintains Open Yet Cautious Stance on Secondary Stablecoin Licenses

HKMA declines to comment on National Day issuance rumors, prioritizing monitoring of existing issuers' operations before considering future licenses based on market demand and compliance.

Woofun AI reports that the Hong Kong Monetary Authority maintains an open yet cautious stance regarding the potential secondary offering of stablecoin issuer licenses. A spokesperson declined to address market speculation concerning a National Day issuance timeline, stating no clear preference exists at this stage. The HKMA’s current priority involves assisting the two existing licensed issuers in preparing for operations. Following their successful launch of compliant stablecoins, the authority will monitor use case implementation, operational effectiveness, and market reactions. Future license decisions will depend on application compliance, market demand, actual usage scenarios, and international regulatory trends.