The Hong Kong Monetary Authority (HKMA) is likely to issue the first batch of stablecoin licences early next year, as the city’s de-facto central bank urged potential issuers to submit their applications by the end of September.Ahead of the stablecoin ordinance taking effect on August 1, the HKMA unveiled on Tuesday licensing procedures and explanatory notes, as well as two sets of guidelines for supervising licensed stablecoin issuers, and anti-money-laundering and counterterrorism financing...