BlockBeats News, June 20th. According to Economic Daily News, Animoca Brands plans to establish a joint venture with Standard Chartered Bank and Hong Kong Telecom to prepare for the issuance of a Hong Kong dollar-pegged stablecoin. The President of Animoca Brands stated in an interview that the stablecoin will be widely used in the game ecosystem for trading virtual assets, cross-border trade, and financial settlements, helping domestic asset transactions move towards internationalization. He believes that Hong Kong needs to continue to strengthen its regulation of stablecoins to promote the development of the digital asset and asset tokenization industry. Animoca Brands hopes to collaborate with domestic institutions on blockchain applications.
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