Coindesk: Hong Kong is set to approve stablecoin-issuer licences in Mar 2026 under HKMA’s new regime, boosting oversight and establishing the city as a regulated crypto hub

The move comes as stablecoins, now a roughly $300 billion asset class, are projected to grow into the trillions and are seen by some global banks as key to future digital trade settlement. Authorities are expected to approve only a limited number of issuers initially, despite receiving dozens of applications, as regulators prioritise financial-stability safeguards, full reserve-backing requirements, governance standards, and strong AML/CFT controls…