Major changes in the Hong Kong financial sector are prompting Ant International and Lianlian Digital to seek licenses for stablecoins. These companies, both with connections to established businesses like Ant Group, are aiming to comply with the new regulatory regime implemented by the Hong Kong Monetary Authority. This move aligns with their desire to enhance transparency and operational security within the stablecoin market. Both companies believe in building a secure trading ecosystem that benefits from the clarity of regulatory frameworks. 2025 is a significant year for stablecoins, as industry players like Mastercard are poised to integrate stablecoins into their offerings.