JD.com and Ant Group is preparing to apply for a Hong Kong stablecoin license immediately after the city’s comprehensive stablecoin regulations that establishes one of the world’s most rigorous frameworks for digital currency issuance.

Date

August 1, 2025

Quotes that support claims

The lobbying effort comes as Hong Kong’s comprehensive stablecoin regulations take effect August 1, 2025, establishing one of the world’s most rigorous frameworks for digital currency issuance.

Both JD.com and Ant already plan to issue stablecoins backed by the Hong Kong dollar, after the island's new legislation takes effect on August 1.

Both firms already plan to issue Hong Kong dollar-backed stablecoins once local legislation begins August 1.

Tags

Week 31 of 2025