<ul><li>Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have formed a joint venture to develop a Hong Kong dollar-backed stablecoin.</li><li>The joint venture aims to apply for a license under the Hong Kong Monetary Authority's new regulatory framework and create a secure and compliant stablecoin framework.</li><li>The partnership aligns with Hong Kong's ambition to strengthen its role as a global digital assets hub and boost digital finance adoption.</li><li>In addition to the stablecoin initiative, Hong Kong is considering adding Bitcoin to its fiscal reserves as a hedge against inflation and a store of value.</li></ul>

Standard Chartered, Animoca, and HKT to Develop HKD-Pegged Stablecoin

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