News with the tag "Hong Kong stablecoin"

Standard Chartered Bank Hong Kong, Animoca Brands, and Hong Kong Telecommunications (HKT) have teamed up to launch a Hong Kong dollar-backed stablecoin under a newly formed joint venture. The consortium is preparing to apply for a license from the Hong Kong Monetary Authority (HKMA), the region’s to...

Hong Kong shows growing interest in RMB-backed stablecoins as part of its digital asset push. David Chiu highlights the potential, describing the market as "huge".

Hong Kong dollar-pegged stablecoins are seen as having a unique place in the crypto market once permitted in Hong Kong, Yat Siu said.

The HKMA will introduce a regulatory sandbox for stablecoin issuers in the near future, the city’s Financial Secretary Paul Chan said.

According to Wang Yang and Wen Yizhou, a stablecoin issued by the Hong Kong government has the potential to become an international currency and may challenge the U.S. dollar in certain places. However, in their latest opinion piece, Yang and Yizhou said the envisaged stablecoin will only succeed if...