StanChart, Animoca Brands and HKT launch joint venture to develop Hong Kong dollar-backed stablecoin

Standard Chartered’s Hong Kong arm (SCBHK), in collaboration with Animoca Brands and telecom firm HKT, announced a joint venture to launch a Hong Kong dollar-backed stablecoin. According to a Feb. 17 statement, the initiative is pending regulatory approval from the Hong Kong Monetary Authority (HKMA). Since July 2024, SCBHK, Animoca Brands, and HKT have actively […]