Hong Kong sets August 2025 launch for limited stablecoin licensing program

13-7-2025 – Hong Kong will begin issuing stablecoin licenses in August 2025, with Financial Services Secretary Christopher Hui announcing plans for a limited initial rollout focused on cross-border payment solutions. The licensing framework specifically targets stablecoins pegged to fiat currencies that can serve as payment instruments for international transactions. Hui emphasized the potential for these [. source: https://www.cointrackdaily.com/hong-kong-sets-august-2025-launch-for-limited-stablecoin-licensing-program/