Standard Chartered, Animoca Brands, and HKT announced a joint venture to issue a Hong Kong dollar-backed stablecoin and apply for a license under Hong Kong’s stablecoin bill

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Feb 17, 2025 - 11:00am

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Standard Chartered Bank Hong Kong, Animoca Brands and Hong Kong Telecommunications (HKT) have partnered to issue a Hong Kong dollar-backed stablecoin under a new joint venture

Standard Chartered Plc said on Monday its Hong Kong banking division, Animoca Brands and HKT will establish a joint venture to apply for a license from the Hong Kong Monetary Authority for issuance of a Hong Kong dollar-backed stablecoin

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Week 07 of 2025