Standard Chartered, Animoca Brands and HKT form joint venture to issue Hong Kong dollar stablecoin

Odaily News According to official news, Standard Chartered Bank (Hong Kong) Limited "SCBHK", Animoca Brands and Hong Kong Telecom (HKT) announced the establishment of a joint venture and plans to apply for a license under the Hong Kong Monetary Authority's new regulatory framework to issue Hong Kong dollar-backed stablecoins.