The Bank of China Hong Kong aims to secure a stablecoin issuer license under Hong Kong’s new rules, targeting a deadline of September 30, 2025. This move represents China’s entry into a growing market, with the licensing regime officially commencing on August 1, 2025, as no licenses have been granted so far.
Currently, Ethereum’s price is 4,366.98 USD, with a market cap around 527.12 billion USD and a recent trading volume reflecting a 10.24% change. The implications of the new stablecoin initiatives are being closely monitored, as they could significantly affect market dynamics.
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