Crypto News

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...