Standard Chartered Hong Kong, Anxin Group, and HKT are establishing a joint venture to prepare for the issuance of a stablecoin pegged to the Hong Kong dollar
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Standard Chartered Hong Kong, Anxin Group, and HKT reached an agreement on February 17 to establish a joint venture company, planning to apply for a license from the Hong Kong Monetary Authority to issue a stablecoin pegged to the Hong Kong dollar. Standard Chartered Group CEO Bill Winters stated that they will actively participate in central bank digital currency and stablecoin projects to promote the development of the digital asset market. Senior executives from HKT and Anxin Group also emphasized that the stablecoin will enhance payment efficiency and transaction security, helping Hong Kong become a global Web3 hub
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