Hong Kong's first batch of stablecoin licenses is imminent: Launch in March, 36 institutions competing, with stability as the priority. In February 2026, Hong Kong's financial market received a major update—the first batch of stablecoin licenses is expected to be officially issued in March. This development marks a critical step for Hong Kong in the regulation of crypto assets and injects strong momentum into its efforts to build new advantages as an international financial hub. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), has recently made multiple public statements, releasing key signals regarding the progress of license approvals, regulatory principles, and market outlook, sparking widespread industry attention. 1. Countdown to License Issuance: 36 Institutions Competing...