[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  HashNews👩🏻🌾 [@HashNews01](/creator/twitter/HashNews01) on x 2404 followers Created: 2025-07-23 05:23:20 UTC Yu Weiwen Warns: Avoid Over-Investment in Stablecoins; Only a Few Companies Approved Initially According to HashNews, Yu Weiwen, Chief Executive of the Hong Kong Monetary Authority, spoke about stablecoins. He indicated that recently, due to concept speculation, there has been a phenomenon of over-investment in the market. Some companies, regardless of whether their main business is related to stablecoins, see their stock prices surge as soon as they claim to have intentions of engaging in stablecoin business, accompanied by a significant increase in trading volume and recognition. However, the Monetary Authority has previously clarified that in the initial stage, only a few stablecoin licenses will be approved, which means many companies may feel disappointed. Even if a company successfully obtains a license, considering the steady development required and the resource investments needed in the early stage, the contribution to the company's short-term profitability remains uncertain. Investors are hoped to remain calm and think independently when digesting the market 'good news'. #Circle #Paxos #Cryptocurrency #Stablecoins #MarketRegulation XX engagements  **Related Topics** [kong](/topic/kong) [hong kong](/topic/hong-kong) [approved](/topic/approved) [stablecoins](/topic/stablecoins) [Post Link](https://x.com/HashNews01/status/1947890252326302136)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
HashNews👩🏻🌾 @HashNews01 on x 2404 followers
Created: 2025-07-23 05:23:20 UTC
Yu Weiwen Warns: Avoid Over-Investment in Stablecoins; Only a Few Companies Approved Initially
According to HashNews, Yu Weiwen, Chief Executive of the Hong Kong Monetary Authority, spoke about stablecoins. He indicated that recently, due to concept speculation, there has been a phenomenon of over-investment in the market. Some companies, regardless of whether their main business is related to stablecoins, see their stock prices surge as soon as they claim to have intentions of engaging in stablecoin business, accompanied by a significant increase in trading volume and recognition. However, the Monetary Authority has previously clarified that in the initial stage, only a few stablecoin licenses will be approved, which means many companies may feel disappointed. Even if a company successfully obtains a license, considering the steady development required and the resource investments needed in the early stage, the contribution to the company's short-term profitability remains uncertain. Investors are hoped to remain calm and think independently when digesting the market 'good news'. #Circle #Paxos #Cryptocurrency #Stablecoins #MarketRegulation
XX engagements
Related Topics kong hong kong approved stablecoins