Standard Chartered Hong Kong, Animoca Brands, And HKT Form Joint Venture For Stablecoin

According to BlockBeats, Standard Chartered Bank (Hong Kong) Limited, Animoca Brands, and Hong Kong Telecommunications have entered into an agreement to establish a joint venture. This collaboration aims to apply for a license under the new regulatory framework of the Hong Kong Monetary Authority to issue a stablecoin backed by the Hong Kong dollar.