Standard Chartered, Animoca Brands and HKT partner to issue HKD-backed stablecoin
Animoca Brands, and HKT have agreed to form a joint venture (JV). This is so that they can apply for a license from the Hong Kong Monetary Authority (HKMA) under the new regulatory regime(1) to create a stablecoin backed by the Hong Kong dollar.
Standard Chartered leads Hong Kong’s Stablecoin push with Animoca & HKT
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Standard Chartered Signs Deal with Animoca Brands and HKT to Launch HKD-Backed Stablecoin.
Standard Chartered has signed a deal with Animoca Brands and HKT to launch HKD-Backed Stablecoin in Hong Kong. Takeaway Points Standard Chartered has signed a deal with Animoca Brands and HKT to launch HKD-Backed Stablecoin.
Standard Chartered, HKT, Animoca to Form JV for HK Dollar-Backed Stablecoin
(Reuters) - 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.
Standard Chartered: Can Stablecoins Fill Payment Gap?
Research from Standard Chartered reveals stablecoins process US$425bn monthly as traditional payment systems fail to meet cost and speed targets
Standard Chartered and Animoca Brands team up for HKD-backed stablecoin launch
Global banking giant Standard Chartered is teaming up with blockchain gaming and digital assets venture firm Animoca Brands on a significant blockchain-related venture. Per a press release, the collaboration also involves local telecom giant HKT and will see the three partners eye a new stablecoin pegged on the Hong Kong Dollar.
Standard Chartered, Animoca Brands, HKT to pursue Hong Kong dollar-backed stablecoin
Stablecoins are digital assets that maintain a fixed value relative to a government-issued fiat currency or other reference rate.
Standard Chartered forms joint venture for HKD-backed stablecoin issuance
Plc announced on Monday its plans to form a joint venture with Animoca Brands and HKT to apply for a license from the Hong Kong Monetary Authority.
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