Standard Chartered Bank, Animoca Brands, and Hong Kong Telecommunications have established a joint venture to issue a Hong Kong dollar stablecoin

ChainCatcher news, according to official sources, Standard Chartered Bank (Hong Kong) Limited "SCBHK", Animoca Brands, and Hong Kong Telecommunications have signed an agreement to jointly establish a joint venture, planning to apply for a license under the new regulatory framework of the Hong Kong Monetary Authority to issue a Hong Kong dollar-backed stablecoin.