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Breaking: Animoca Brands & Standard Chartered Launch Hong Kong Stablecoin Powerhouse
Breaking: Animoca Brands & Standard Chartered Launch Hong Kong Stablecoin Powerhouse
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Hong Kong's crypto scene just got a heavyweight boost.
Animoca Brands—the blockchain gaming giant—teams up with banking titan Standard Chartered to carve out Asia's next stablecoin hub. No vague 'exploratory partnerships' here—this is a full-fledged issuer play.
Why it matters
When Web3 meets legacy finance, regulators pay attention. Hong Kong's progressive crypto stance just scored another win (and yes, we noticed the irony of a British colonial-era bank diving into decentralized finance).
The bottom line
More institutional stablecoins mean fewer excuses for TradFi players to avoid on-chain liquidity. Watch for this JV to eat into Tether's Asian market share—assuming they remember to file the proper paperwork this time.
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