Hong Kong’s first HKD stablecoin race begins as Standard Chartered files early

Standard Chartered has partnered with Animoca Brands and Hong Kong telecom group HKT to establish Anchorpoint Financial, a joint venture applying for a license to issue a Hong Kong dollar-backed stablecoin under the city’s new regulatory regime. As Reuters reported, the venture formally notified the Hong Kong Monetary Authority (HKMA) of its intent just days The post Hong Kong’s first HKD stablecoin race begins as Standard Chartered files early appeared first on CryptoSlate.