Animoca Brands: It has prepared to issue a Hong Kong dollar-linked stablecoin and hopes to cooperate with mainland institutions on blockchain applications

Ouyang Qizhun, president of Animoca Brands, said in a recent interview that Anwei Group has established a joint venture with Standard Chartered and Hong Kong Telecom to prepare for the issuance of stablecoins pegged to the Hong Kong dollar. Stablecoins will be widely used in scenarios such as virtual asset transactions, cross-border trade and financial settlements in the game ecosystem, which will help mainland asset transactions go international. Hong Kong needs to continue to make efforts in stablecoin supervision to promote the development of digital assets and asset tokenization industries. Anwei Group hopes to cooperate with mainland institutions in blockchain applications.