Hong Kong’s first stablecoin licenses will be announced this afternoon

According to the Every Day Economic News, the Hong Kong Monetary Authority (HKMA) will announce the first batch of stablecoin issuer licenses on April 10 at 5:00 p.m. Subsequently, licensed stablecoin issuers will hold a press briefing. Previously, the HKMA completed its final review of the first batch of applications in mid-March 2026 and has now entered the official public announcement preparation phase. The HKMA received a total of 36 applications; the first batch of licenses is expected to include 2–3 issuers, under stringent regulatory standards. In early February this year, Eddie Yue, Chief Executive of the HKMA, stated that the authority aims to issue Hong Kong’s first stablecoin issuer licenses in March this year, adding: “The number of licenses issued in this first batch will certainly be limited, with stability as the top priority.”