Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
 a fully regulated activity. Any company issuing, marketing, or offering these stablecoins in Hong Kong must get a license.
Current Status (Feb 2026)
So far, no stablecoin licenses have been issued yet. The HKMA received 36 applications in 2025. According to HKMA Chief Eddie Yue, reviews are in the final stage, and the first few licenses are expected in March 2026. Only a very small number will be approved at the start.
Why So Strict?
HKMA wants only strong and safe issuers. Key rules include:
100% reserve backing (1:1) with cash or high-quality assets
Easy redemption at full value
Strong AML and risk controls
Regular audits and clear reporting
No interest or yield on stablecoins
Market Impact
Since no licensed stablecoins are live yet, there’s no price or volume data. At first, liquidity will be low. But over time, regulated stablecoins could:
Keep a very stable peg
Attract institutional and cross-border payments
Improve trust and adoption in Hong Kong’s crypto market
Bottom Line
Hong Kong is choosing safety over speed. With licenses likely coming in March 2026, regulated stablecoins could slowly grow into a trusted option for payments, trading, and tokenized assets. Keep an eye on the HKMA register for official approvals.