According to Odaily Planet Daily, the Hong Kong Monetary Authority (HKMA) has updated its official website, stating that with the implementation of the regulatory regime for stablecoin issuers under the Stablecoin Ordinance on August 1, 2025, the issuance of fiat stablecoins will become a regulated activity requiring a license. The authority has therefore outlined the relevant details of the regulatory regime, including: the licensing regime for stablecoin issuers, the supervision of licensed stablecoin issuers, and the register of licensed stablecoin issuers. The register of licensed stablecoin issuers contains the names and basic information of licensed stablecoin issuers. The public can access the latest list of licensed institutions through the register. Currently, there are no licensed stablecoin issuers, and the relevant list will be updated in due course.