The minimum paid-up share capital requirement for Hong Kong stablecoin issuers has been changed to HK$25 million or 100% of the face value of the stablecoin in circulation.

Odaily News The Hong Kong Monetary Authority and the Treasury Department stated in the consultation summary of the legislative proposal for the implementation of a regulatory regime for stablecoin issuers in Hong Kong that stablecoin issuers should hold sufficient financial resources to properly deal with the relevant market risks, operational risks, technological risks and other risks arising from their business operations, but after taking into account market responses, the minimum paid-up share capital requirement will be changed to HK$25 million or one percent of the face value of its stablecoin circulation, whichever is higher. However, the Monetary Authority reserves the flexibility and power to impose additional capital requirements when necessary. (Hong Kong Government News Release)