Opinion: South Korea&'s stablecoin business may be reorganized with a "bank alliance as the core"


according to local information from the Bank of Korea (the central bank of South Korea) in Hong Kong, the number of stablecoin issuer license applications accepted by the Hong Kong Monetary Authority (HKMA) since August this year is lower than expected. The Hong Kong Monetary Authority stated that as of the end of September, only 36 institutions had applied. This number is even less than half of the 77 institutions that initially showed interest.