# Standard Chartered, Animoca Brands, and HKT to Launch HKD-Backed Stablecoin

Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT have announced a joint venture to issue a Hong Kong dollar-backed stablecoin under Hong Kong’s new regulatory framework. The partnership aims to secure a license from the Hong Kong Monetary Authority (HKMA) and play a key r

| Fact | Value |
| --- | --- |
| Published | 17 February 2025 |

Source: https://egamers.io/standard-chartered-animoca-brands-and-hkt-to-launch-hkd-backed-stablecoin/