According to online reports, according to China Business News, more than 40 companies are currently preparing to apply, including Jingdong Coin Chain, Standard Chartered, Standard Chartered-HKT Consortium, Yuan Coin Innovation and Ant International, etc., but it is expected that the final license will only be issued in single digits., the competition is extremely fierce. Industry insiders pointed out that the applicant institutions are mainly large financial institutions and Internet companies in China, and some companies have begun to actively recruit blockchain talents. Experts believe that although stablecoins can improve the convenience of cross-border payments, their actual cost is close to 1%, and its disruptive impact on the international monetary system is exaggerated.