Big news in the world of cryptocurrency! Three companies – Standard Chartered, Animoca Brands, and HKT – are joining forces to create a new type of digital money in Hong Kong. It's a special kind of cryptocurrency called a stablecoin, which is designed to be much more stable in value than other cryptocurrencies like Bitcoin.
This new stablecoin will be backed by the Hong Kong dollar, making it less risky. They'll apply for a license to make it official.
Think of it like having digital Hong Kong dollars that you can use online.
- Standard Chartered is a big bank.
- Animoca Brands knows a lot about crypto.
- HKT is good at making digital wallets.
- They want to make the stablecoin easy for everyone to use.
| Fact | Details |
|---|---|
| Companies Involved | Standard Chartered, Animoca Brands, HKT |
| Goal | Create a Hong Kong dollar-backed stablecoin |
| License | Applying for a license from Hong Kong's government |
