Crypto News

Introducing HKD Coin: The New Era of Stablecoins With the growing popularity and adoption of cryptocurrencies, many companies and financial institutions are exploring the potential of stablecoins - digital assets that are pegged to a fiat currency, such as the US dollar or the Euro. And now, Hong Kong is joining the race with the launch of its own stablecoin, backed by one of the biggest banks in the region - Standard Chartered. The Partnership: Standard Chartered x Animoca Brands x HKT Standard Chartered, a leading international banking group, has joined forces with Animoca Brands, a blockchain and gaming company, and HKT, a major telecommunications company in Hong Kong, to launch the HKD Coin. The stablecoin will be pegged to the Hong Kong dollar, making it the first of its kind in the region. Benefits of a Hong Kong Dollar-Backed Stablecoin The launch of HKD Coin has many potential benefits for the Hong Kong market. One of the main ...

Introduction to Stablecoins and Hong Kong's Role Stablecoin: A New Era of Digital Currency Stablecoins have been making waves in the world of digital currency, offering a new era of stability and security. These cryptocurrencies are backed by traditional assets such as fiat currencies or precious metals, making them less volatile than other cryptocurrencies like Bitcoin or Ethereum. And now, Hong Kong is poised to make its mark in the stablecoin market. Joint Venture for Hong Kong Dollar-Backed Stablecoin Collaboration between Standard Chartered, Animoca Brands, and HKT In a major move for the Hong Kong market, Standard Chartered Plc has announced a joint venture with Animoca Brands and HKT. The venture aims to apply for a license from the Hong Kong Monetary Authority to issue a Hong Kong dollar-backed stablecoin. This collaboration brings together the expertise of a leading bank, a blockchain gaming company, and a telecommunications giant...