On August 1st, the "Stablecoin Regulations" officially came into effect, marking Hong Kong's entry into the era of stablecoin compliance. License applications and scenario exploration have become hot topics of discussion. Professionals in the field of virtual asset compliance indicate that there is currently a high level of interest in license applications, with dozens of applicants already contacted. Although applications were officially accepted only in August, many mainland-based institutions have already engaged in preliminary discussions with the Hong Kong Monetary Authority on related matters, involving multiple industries including the internet, manufacturing, and finance. #稳定币