StanChart, Animoca Brands and HKT agree JV to issue HKD-backed stablecoin

A licensing scheme for stablecoin issuers in Hong Kong is expected to be introduced later this year.
February 18, 2025

Standard Chartered Bank (Hong Kong), Animoca Brands and HKT will establish a joint venture (JV) to issue a Hong Kong dollar-backed stablecoin, according to a media release.

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