Hong Kong is set to launch a stablecoin trial involving key industry players, including Standard Chartered Bank and Animoca Brands. The trial, announced by the Hong Kong Monetary Authority (HKMA), aims to explore the use of stablecoins for various financial applications, including e-commerce and trade settlement. This initiative is part of Hong Kong's broader strategy to establish itself as a global digital asset hub and enhance the regulatory framework surrounding stablecoins.Read more on The Block
Hong Kong to Trial Stablecoin with Major Participants
