Hong Kong’s Stablecoin Drama: 40+ Firms Enter the Arena—But Will Anyone Win?
Local pamphleteers (known nowadays as “First Financial”) have breathlessly counted more than forty hopefuls at the starting line. Well-known titans—JD.com and Ant Capital, for example—are among those polishing their armor, each wondering whether theirs is the favored steed. With August 1 approaching like an overzealous tax collector, all eyes turn to the oracles who bear scrolls marked “Regulatory Framework.”








