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Animoca Brands Prepares to Issue Hong Kong Dollar-Pegged Stablecoin, Seeks Collaboration with Mainland Institutions for Blockchain Applications
Summary: In an interview, Animoca Brands President Yat Siu Ouyang revealed that the company has partnered with Standard Chartered Bank and Hong Kong Telecom to establish a joint venture preparing to issue a stablecoin pegged to the Hong Kong dollar. The stablecoin will be widely used in virtual asset trading within the gaming ecosystem, cross-border trade, ...
In an interview, Animoca Brands President Yat Siu Ouyang revealed that the company has partnered with Standard Chartered Bank and Hong Kong Telecom to establish a joint venture preparing to issue a stablecoin pegged to the Hong Kong dollar. The stablecoin will be widely used in virtual asset trading within the gaming ecosystem, cross-border trade, and financial settlements, helping mainland asset transactions move towards internationalization. Hong Kong needs to continue efforts in stablecoin regulation to promote the development of the digital asset and asset tokenization industry. Animoca Brands hopes to collaborate with mainland institutions on blockchain applications. (Daily Economic News)
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Link: Animoca Brands Prepares to Issue Hong Kong Dollar-Pegged Stablecoin, Seeks Collaboration with Mainland Institutions for Blockchain Applications [Copy]
