In an interview with RTHK, Mak Wing-chung, Head of Greater Bay Area Development Research at the Hong Kong Foundation, stated that Hong Kong's clear regulatory and policy direction for stablecoins has attracted significant institutional interest, with license application interest exceeding expectations. He noted that large technology companies may be inclined to use stablecoins for payment purposes, while traditional financial institutions may use them more for cross-border settlement. If the first batch of licensed institutions operates smoothly, the Hong Kong Monetary Authority may consider issuing additional licenses in the future. (Aastocks)