Hong Kong Plans to Issue Stablecoin Licenses by March 2026
- Stablecoin License Applications: As of August 1, 2025, the Hong Kong Monetary Authority (HKMA) has received 36 applications for stablecoin licenses, indicating strong market interest and positioning Hong Kong as a potential regulatory hub for stablecoins.
- Emphasis on Risk Management: HKMA Chief Executive Eddie Yue stressed the need for applicants to provide detailed information on risk management and reserve assets, aiming to ensure the safety and transparency of stablecoins, thereby enhancing market confidence.
- Global Regulatory Trends: Hong Kong's Stablecoin Ordinance aligns with global trends, particularly mirroring the U.S. CLARITY Act of 2025, which may foster international collaboration and investment influx, enhancing Hong Kong's standing in the global financial market.
- Optimistic Market Response: Financial Secretary Paul Chan indicated that the first licenses are expected to be issued in Q1 2026 under a 'proactive yet prudent' regulatory approach, with the market expressing cautious optimism and awaiting further guidance on licensing terms.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00279 | 0.00637 | 0.0144 | 0.0235 | 0.0316 | 0.0407 | 0.0487 |
| Fibonacci | 0.00637 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0342 | 0.0407 |
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