JD.com, Standard Chartered, Ant Group, and other institutions are preparing for Hong Kong stablecoin licenses
Powered by ChatGPTOn July 8th, according to China Business News, more than 40 companies are preparing to apply, including JD Coin Chain, Standard Chartered-Anif-HKT Consortium, Yuan Coin Innovation, and Ant International, etc. However, it is expected that only a single-digit number of licenses will be issued in the end, and the competition is extremely fierce. Industry insiders pointed out that the applicant institutions are mainly large Chinese financial institutions and Internet companies, and some companies have begun to actively recruit blockchain talent. Experts believe that although stablecoins can improve the convenience of cross-border payments, their actual cost is close to 1.00%, and the disruptive impact on the international monetary system has been exaggerated. [Deep Tide TechFlow]