Standard Chartered is set to launch a stablecoin backed by the Hong Kong dollar in collaboration with Animoca Brands and HKT. The new joint venture aims to apply for a license under Hong Kong’s forthcoming regulatory framework for stablecoins. This initiative reflects the growing interest in digital currencies and the potential for stablecoins to facilitate transactions in the region. Standard Chartered, a major banking institution with over $135 billion in assets, is leveraging its partnerships to expand its footprint in the cryptocurrency market.