Animoca Brands: Hong Kong Telecom to Explore Stablecoin Support for Local and Cross-Border Payments

ChainCatcher news, Animoca Brands announced that it has partnered with Standard Chartered Bank (Hong Kong) and Hong Kong Telecom to participate in the stablecoin issuer sandbox launched by the Hong Kong Monetary Authority in March this year.

Animoca Brands stated: Hong Kong Telecom will explore how the innovation of stablecoins can support local and cross-border payments through the sandbox, bringing greater benefits to consumers and merchants; Standard Chartered Bank (Hong Kong) will actively participate in the stablecoin issuer sandbox to discuss how to support the thriving development of Hong Kong's digital asset ecosystem in the most effective way, and to gain insights into the opportunities and risks brought by the evolution of the stablecoin market for this ecosystem; while Animoca Brands is committed to promoting the widespread application of digital assets and applying blockchain-related technological solutions to physical assets and the traditional economy.