Big news from Hong Kong! Three big companies – Standard Chartered Bank, Animoca Brands, and HKT – are teaming up to create a new type of digital money called a stablecoin. Think of it like a digital Hong Kong dollar, always worth the same amount. It's designed to make online payments easier and faster.
- They'll ask the Hong Kong government for permission first.
- This stablecoin could be used for payments inside Hong Kong and even to other countries.
- Hong Kong wants to become a leader in the digital money world.
| Fact | Detail |
|---|---|
| Companies Involved | Standard Chartered, Animoca Brands, HKT |
| Type of Money | Hong Kong dollar-backed stablecoin |
| Government Approval | Pending from the HKMA |
| Goal | Easier and faster payments |
