Standard Chartered & Animoca Launch Di Licensed HKD Stablecoin JV
Standard Chartered and Animoca Brands don join form Anchorpoint Financial, one joint venture to issue licensed HKD stablecoin under Hong Kong new rules dem set. The venture enter HKMA stablecoin sandbox for July, dem apply for official issuer license for August 1. HKMA CEO Eddie Yue expect say about 40 companies go apply, but less than 10 go fit get approval. As licensed HKD stablecoins show face, dem go give better liquidity, new trading pairs, and more blockchain use. Traders suppose dey watch how dem dey process license, possible stablecoin launch, and institution dem involvement as Hong Kong stablecoin law plus US GENIUS Act dey run.
Bullish
Dis kain tin krae good for HKD stablecoin trading. Short time, Anchorpoint Financial don form plus their license application fit boost market confidence, add liquidity and create new HKD trading pairs. For long time, regulated HKD stablecoin dey support institution adoption for Hong Kong, dey push blockchain integration and fit make people issue more stablecoin under clear rules. When put together, all dis mean say demand go strong and market go more stable for HKD stablecoins.