# 🔥 SOMETHING BIG IS COMING!

Hi everyone, it's me again and let's continue with the stable coin in Hong Kong. As of now, the HKMA Hong Kong Monetary Authority has received more than 10 applications to issue stable coins and of those applicants, they mainly come from the tech giants from China as I mentioned in my previous video. what the market with action to this application I've been to their mother companies the stock price grow significantly it's not about double it's not about triple it's about five times or six times and even more and don't forget this is just the beginning and in this historical moment matrix AI network as the local native blockchain companies has the unique advantage to assist these companies to grow in the stablecoin ecosystem. We have the solutions and we have the innovative ideas and insights to help these companies and it is your turn. For more information about stablecoin and the positioning of Matrix AI Network will release a paper on this. Stay tuned. Until next time, take care. - CMTO Eric Choy

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