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Standard Chartered, HKT, Animoca to form JV for HK dollar-backed stablecoin

Standard Chartered said it has entered agreements with Animoca Brands, a company which specialises in Web3 for leveraging blockchains, and HKT, a major telecommunications service provider in Hong Kong, in order to "enable the JV to tap into crypto-native opportunities" and "enhance both domestic and cross-border payments", according to its statement.

12:00am, Monday, February 17, 2025