# Terminal 3

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/terminal-3
Canonical HTML page: https://getlegalbrief.com/entity/terminal-3

## Timeline

- **2026-03**: Licensing Commencement — Expected issuance of the first batch of official stablecoin licenses in Hong Kong.
- **2026**: Institutional Integration — Expansion of stablecoins into mainstream cross-border trade and institutional settlement.
- **2025-Q1**: Regulatory Framework Finalized — Guidelines for stablecoin issuers are established, focusing on reserves and AML.
- **2023**: Consultation Period — Hong Kong regulators conduct public consultations on stablecoin and VASP licensing.

## Recent coverage (1 stories)

### Hong Kong Stablecoin Licensing Signals Strategic Shift in Digital Finance
2026-03-25 00:12:58 · Sentiment: Neutral · Impact: 7/10 · Sources: 3

Hong Kong is poised to issue its first batch of stablecoin licenses, marking a pivotal moment in the region's digital asset strategy. Industry experts Gary Liu and Liu Xiaochun argue that while stablecoins currently serve as 'plumbing' for crypto markets, they are evolving into critical infrastructure for international finance and cross-border trade.
Full story: https://getlegalbrief.com/story/hong-kong-stablecoin-licensing-china-us-strategy

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