Animoca Brands prepares to launch Hong Kong dollar-pegged stablecoin, seeks collaboration with mainland institutions on blockchain applications

Animoca Brands President Evan Auyang stated in a recent interview that Animoca Brands has formed a joint venture with Standard Chartered Bank and HKT to prepare for the issuance of a Hong Kong dollar-pegged stablecoin. This stablecoin will be widely used in scenarios such as virtual asset transactions within gaming ecosystems, cross-border trade, and financial settlements, helping mainland Chinese asset transactions to go global. He emphasized that Hong Kong needs to continue strengthening its stablecoin regulatory framework to drive the development of the digital asset and asset tokenization industries. Animoca Brands also hopes to collaborate with mainland institutions on blockchain applications.