CoinVoice has recently learned that Animoca Brands has announced that it has participated in the stablecoin issuer sandbox announced by the Hong Kong Monetary Authority in March this year with Standard Chartered Bank (Hong Kong) and Hong Kong Telecom.

Animoca Brands said: HKT will work to explore how stablecoin innovation can support local and cross-border payments through the sandbox, bringing greater benefits to consumers and merchants; Standard Chartered Bank (Hong Kong) will actively participate in the stablecoin issuer sandbox to explore how to support the flourishing of Hong Kong's digital asset ecosystem in the most effective way, and gain a deep understanding of the opportunities and risks brought by the evolution of the stablecoin market to this ecosystem; and Animoca Brands is committed to promoting the popularization and application of digital assets, and applying blockchain-related technology solutions to physical assets and traditional economies. [Original link]