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

Eddie Yue stated that he looks forward to licensees launching their businesses as planned, actively exploring development opportunities while managing risks effectively, promoting the application of compliant stablecoins, and addressing pain points in financial and economic activities. Meanwhile, 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, users 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.