TechFlow news, according to Cointelegraph, Hong Kong's largest virtual bank ZA Bank announced it will offer dedicated reserve banking services for stablecoin issuers. In a statement, ZA Bank confirmed that as the first digital bank in Hong Kong to provide such services, it has partnered with Yuancoin, the first stablecoin issuer to utilize these services—marking a significant advancement in the integration of traditional banking and financial technology innovation. Additionally, ZA Bank is currently in discussions with approximately 10 other stablecoin companies regarding future collaborations and is actively supporting policies set by the Hong Kong Monetary Authority (HKMA).
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