#HongKongIssueStablecoinLicenses Most people are cheering this like it’s bullish by default.
That’s amateur thinking.
Hong Kong granting stablecoin licenses is not about “adoption.”
It’s about control, capital routing, and regulatory dominance in Asia.
Let’s break it down properly.
For years, stablecoins lived in a gray zone—useful, liquid, profitable, but legally fragile. Now Hong Kong is doing what the U.S. keeps failing to do: drawing a hard regulatory line and inviting serious players inside it. That alone should make you uncomfortable if you’re still trading like nothing has changed.
Lice