Animoca Plans HKD Stablecoin With Major HK Partners

Animoca Brands partners Cross the Ages to purchase CTA tokens from open market

Animoca Brands, the Hong Kong-based Web 3 firm, and Cross the Ages (CTA), a Singapore-based blockchain technology firm, announced last Friday a strategic partnership. Animoca Brands said in a statement that under this partnership, the firm will support Cross the Ages’ upcoming official launch of Arise, a multiplayer action-RPG that has been in development for the past two and a half years, as well as the broader Cross the Ages ecosystem. In addi…

Animoca Plans HKD Stablecoin With Major HK Partners

Key Insights: Animoca Brands partners with major financial giants to launch a HKD-pegged stablecoin. The stablecoin will enhance cross-border trade and financial settlements in the Web3 ecosystem. Hong Kong’s regulatory framework for stablecoins sets the stage for global adoption. Animoca Brands planned to launch a Hong Kong dollar-pegged stablecoin in partnership with leading institutions, including Standard Chartered Bank and Hong Kong Teleco…