Animoca Brands announced on the X platform that the joint venture Fintech Anchor, co-founded by Standard Chartered Bank, HKT, and Animoca Brands, will gradually promote the regulated Hong Kong dollar-backed stablecoin HKDAP (HKD At Par) starting in the second quarter of this year.
Its Group President Evan Auyang stated that a properly governed Hong Kong dollar-backed stablecoin is crucial for Hong Kong's financial infrastructure.
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