Eddie Yue stated that licenses for stablecoin issuers will not be granted for speculative or investment purposes. Instead, approvals will be reserved for applicants demonstrating a strong, legitimate use case. Yue emphasized the need for a clear and practical application of stablecoins in the market. He reinforced that only those who can show meaningful utility will qualify for licensing, underscoring the regulatory focus on ensuring stability and trust in the financial system. This approach aims to prevent misuse and promote responsible innovation within the cryptocurrency sector.
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