On December 19, according to Hong Kong Economic Daily, Hong Kong Financial Secretary and Treasury Secretary Christopher Hui stated at an event on Friday (19th) that as of the end of September this year, 36 stablecoin license applications have been received from various industries. Some licenses are expected to be issued early next year, with a priority on prudent reserve management, price stability, and anti-money laundering measures. He pointed out that these measures not only protect investors but also help resolve potential disputes by establishing clear compliance pathways and reducing ambiguities that could lead to transaction conflicts.