Volume One Hundred and Thirteen: The Thirty-Six Strategies of Hong Kong Stablecoin License 601-605 Chapters
Chapter 601: The Countdown Anxiety for March License
At the end of February 2026, the Hong Kong Monetary Authority's stablecoin issuer license is entering the final sprint. With 36 applications, only a single-digit number will be granted in the first batch, making this competition as fierce as the entrance exams for Tsinghua and Peking University. My “Star Key Digital” submitted materials early, but rumors are swirling in the industry: a leading payment institution has already hired a feng shui master to examine the office layout, moving the reception from the east to the west; a multinational group has sent three executives to stay in Hong Kong, drinking coffee downstairs at the Monetary Authority every day, under the pretext of “investigating the surrounding business environment.” A colleague asked me if I was nervous, and I said: “Not nervous, just that my frequency of going to the bathroom has increased a bit lately.”