Animoca Brands: Standard Chartered, Animoca Brands and HKT team up to issue HKD-backed stablecoin

Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT have entered into agreements to establish a joint venture (JV) with the intention to apply for a license from the Hong Kong Monetary Authority (HKMA) in the new regulatory regime in order to issue a Hong Kong dollar-backed stable coin.