Hong Kong Expects Regulated Stablecoins to Launch by Mid-Year, Official Says

Hong Kong’s regulated stablecoins are expected to be launched by mid-year, according to Hong Kong Secretary for Financial Services and the Treasury Christopher Hui. According to PANews, Hui said two licensed stablecoin issuers must complete technical platform and system testing and implement risk management measures before正式 operations begin, including reserve asset management and asset security safeguards, price-stabilization mechanisms, redemption rules, and cybersecurity. He added that the Hong Kong Monetary Authority has maintained close communication with the licensed issuers to ensure preparations progress steadily. Hui said the HKMA has also proactively contacted other applicant institutions to conduct further discussions and coordination.