🚀 Hong Kong's Stablecoin Sandbox Kicks Off! 🚀

- HKMA unveils first participants in its stablecoin sandbox: a Chinese e-commerce giant, a local fintech, and a coalition including Standard Chartered, Animoca Brands, and HK Telecom.

- Participants will test operational plans and engage with regulators but can't handle public funds yet.

- Animoca Brands, Standard Chartered, and HK Telecom aim to boost Hong Kong's digital asset ecosystem with Zodia Custody's cold storage services.

- Jingdong Coinlink and RD InnoTech also join, eyeing stablecoin use in digital trading and cross-border payments.

Stay tuned for more crypto magic! ✨