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Hong Kong-listed stablecoin-related stocks experienced significant gains on April 10, following a regulatory announcement by the Hong Kong Monetary Authority. Cathay International surged over 40%, Shengteng Holdings rose more than 17%, Yunfeng Financial increased nearly 12%, while China Everbright Holdings and Huaxing Capital Holdings both climbed over 8%.The market rally comes as the Hong Kong Monetary Authority prepares to announce the first batch of stablecoin licenses. The announcement is scheduled for 5:00 p.m. on April 10, after which licensed stablecoin issuers are expected to address the media.

STABLE+5.68%

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