Animoca Brands is set to launch a stablecoin pegged to the Hong Kong dollar through a joint venture with Standard Chartered Bank and Hong Kong Telecom. The stablecoin aims to facilitate virtual asset transactions within gaming ecosystems, cross-border trade, and financial settlements. This initiative is part of a broader strategy to internationalize mainland asset transactions. Animoca Brands also seeks collaboration with mainland institutions on blockchain applications, emphasizing the need for robust stablecoin regulation to advance digital asset and tokenization industries in Hong Kong.