Hong Kong is set to issue stablecoin licenses in the first quarter of 2026 under its new regulatory framework, which has been in effect since August 2025. According to NS3.AI, the licensing requirements will mandate compliance with reserve asset rules, redemption at par, client fund segregation, and anti-money laundering controls. This initiative is part of Hong Kong's broader strategy to establish itself as a leading fintech hub, reflecting the growing global interest in stablecoins and the ongoing integration of cryptocurrency into traditional financial systems.