Deep Tide TechFlow News, April 10 — The Chief Executive of the Hong Kong Monetary Authority, Eddy Yue Wai-man, stated that the first batch of stablecoin issuers has been granted licenses today. According to the licensees' business plans, after completing relevant preparations, they intend to commence operations within the coming months.

Eddy Yue Wai-man said he expects issuers to carry out their business as planned, actively explore development opportunities while managing risks, promote the application of compliant stablecoins, and address pain points in financial and economic activities. At the same time, the public should remain vigilant against any fraud or scams claiming to be related to licensed entities or their issued stablecoins. When purchasing or using stablecoins, they should use regulated channels. If in doubt, they should consult the HKMA’s records to verify the licensee’s identity or contact the licensee for further inquiries.