according to a report by Economic Daily, Animoca Brands plans to establish a joint venture with Standard Chartered Bank and Hong Kong Telecom to prepare for the issuance of a stablecoin pegged to the Hong Kong dollar.The President of Animoca Brands stated in an interview that stablecoins will be widely used in the virtual asset trading, cross-border trade, and financial settlement within the gaming ecosystem, helping domestic asset trading move towards internationalization. He believes that Hong Kong needs to continue to strengthen its regulation of stablecoins, promote the development of the digital asset and asset tokenization industry, and hopes to cooperate with mainland institutions in the application of blockchain technology.
