TechFlow news, June 20 — According to the National Business Daily, Animoca Brands (Anni Group), as one of the Hong Kong Monetary Authority's first stablecoin issuance "sandbox" participants, has formed a joint venture with Standard Chartered Bank and HKT to prepare for issuing a Hong Kong dollar-pegged stablecoin. Oliver Ong, President of Animoca Brands, said in an exclusive interview that the stablecoin will be widely used in scenarios such as virtual asset transactions within gaming ecosystems, cross-border trade, and financial settlements. He emphasized that as the world's largest offshore RMB funding pool and trade settlement hub, a Hong Kong dollar-backed stablecoin will serve as a critical bridge connecting mainland assets to global markets. Under the partnership, Animoca Brands will primarily handle native Web3 application development, Standard Chartered will leverage its banking client resources, and HKT will focus on reaching retail customers.
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