Animoca Brands is preparing a Hong Kong dollar stablecoin, hoping to expand blockchain cooperation with mainland institutions.

【Coin World】【Animoca Brands: Preparing to Issue Hong Kong Dollar Pegged Stablecoin, Aiming to Collaborate with Mainland Institutions on Blockchain Applications】Ouyang Qijun, President of Animoca Brands, stated in a recent interview that the company has established a joint venture with Standard Chartered Bank and Hong Kong Telecommunications to prepare for the issuance of a stablecoin pegged to the Hong Kong dollar. The stablecoin will be widely used in scenarios such as virtual asset transactions within the gaming ecosystem, cross-border trade, and financial settlement, which will help facilitate the internationalization of asset transactions in the Mainland. Hong Kong needs to continue to make a strong push in stablecoin regulation to promote the development of the digital asset and asset tokenization industries. Animoca Brands hopes to collaborate with Mainland institutions on blockchain applications.