Hong Kong’s Crypto Power Play: Animoca, Standard Chartered & HKT Team Up for Stablecoin Dominance

Hong Kong's financial heavyweights are making their move—and this time, it's all about stablecoins. Animoca Brands, Standard Chartered, and telecom giant HKT are joining forces to chase a coveted stablecoin license from Hong Kong regulators.

Why it matters: This isn't just another crypto partnership. It's a strategic land grab in Asia's most crypto-friendly financial hub—where traditional finance and Web3 collide.

The players: A blockchain gaming titan (Animoca), a 160-year-old banking institution (StanChart), and a telecom with 5G ambitions (HKT). Strange bedfellows? Maybe. But in Hong Kong's regulatory sandbox, everyone's playing for the same prize.

The punchline: Watch these giants try to outmaneuver each other while pretending to collaborate—because nothing unites rivals like a government-issued monopoly opportunity.