17/02/2025 - 🚀 Standard Chartered, HKT, and Animoca Brands Collaborate to Launch HKD-Backed Stablecoin! 💰🔗

In a groundbreaking move, Standard Chartered's Hong Kong division has partnered with Animoca Brands and HKT to form a joint venture aimed at issuing a Hong Kong dollar-backed stablecoin. This initiative seeks to leverage blockchain technology to enhance both domestic and cross-border payments, positioning Hong Kong at the forefront of digital currency innovation. Mary Huen, CEO of Standard Chartered Hong Kong, expressed enthusiasm about becoming one of the first issuers of an HKD-backed stablecoin through this strategic alliance. 
REUTERS

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