Standard Chartered, Animoca Brands, and HKT Seek HKMA License for Hong Kong Dollar-Backed Stablecoin to Boost Digital Asset Ecosystem – “The Defiant”

Standard Chartered Bank (Hong Kong) Limited, Animoca Brands, and HKT have formed a joint venture to apply for a license from the Hong Kong Monetary Authority under its new regulatory framework to issue a Hong Kong dollar-backed stablecoin