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Hong Kong’s Crypto Leap: Animoca Brands & Standard Chartered Partner to Launch Stablecoin Powerhouse
Hong Kong’s Crypto Leap: Animoca Brands & Standard Chartered Partner to Launch Stablecoin Powerhouse
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Hong Kong cements its crypto ambitions as gaming giant Animoca Brands and banking titan Standard Chartered join forces to disrupt stablecoins.
Why it matters: Two heavyweights—one from TradFi, one from Web3—are betting big on Hong Kong's pro-crypto pivot. The city's regulators have been rolling out the red carpet while others slam the door.
The subtext: This isn't just another stablecoin play. It's a strategic move into the $130B+ stablecoin market by institutions that actually understand compliance—a rare combo in crypto-land.
The cynical take: Nothing says 'we believe in decentralization' like a bank and a publicly traded metaverse company teaming up. At least they waited until after the last bull run to get serious.
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