The second round of stabilization plates will be released before and after the Fourth Day? Hong Kong Monetary Authority: Open and cautious without commenting on market rumors

On 6 August, market sources recently reported that, as the first issuers of stable coins advanced their testing and operational preparations, Hong Kong stabilized or further accelerated their issuance, and that the second round stabilized the issuer's licence plates or the possibility of their presence before or after the Fourth Day. In response to the above-mentioned market rumours, the spokesperson for the Hong Kong Monetary Authority (HKFCA) replied today that there was no comment on the market rumor, but that there was no clear tendency at this stage to be open and cautious about whether or not to increase the issuer ' s licence and the timing of the SDS. The speaker further stated that the current focus of the Authority was to facilitate the operational readiness of the two licensed stabilizers and, following their successful issuance of the compliant stabilizers, to observe the location of the applications, the effectiveness of the operations and the market response. As to whether to increase the number of licences in the future, there are a number of factors that need to be considered in a comprehensive manner, including whether the application meets the licensing requirements, the market ' s demand for a stable currency, its practical application, and trends and regulatory discussions at the international level. Zou Juntao