
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. Bill Winters, group CEO of Standard Chartered, says "digital assets are here to stay."
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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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