Standard Chartered Bank, Animoca Brands, and Hong Kong Telecom have established a joint venture to issue a Hong Kong dollar stablecoin.

BlockBeats News, February 17th, according to official sources, Standard Chartered Bank (Hong Kong) Limited 「SCBHK」, Animoca Brands, and Hong Kong Telecom have signed an agreement to jointly establish a joint venture, aiming to apply for a license under the new regulatory framework of the Hong Kong Monetary Authority to issue a Hong Kong dollar-backed stablecoin.