[Hong Kong Monetary Authority: 36 Institutions Submitted Stablecoin License Applications by the End of September] BlockBeats News, October 2, the Hong Kong Monetary Authority (HKMA) revealed that as of September 30, it had received stablecoin license applications from 36 institutions, including banks, tech companies, and other types of organizations. The HKMA will review applications in accordance with the Stablecoin Ordinance, aiming to announce the first batch of licenses early next year, with only a few licenses to be issued in the initial phase. Previously, the HKMA had encouraged institutions interested in applying for licenses to contact the authority by August 31 and submit applications by September 30.