ChainCatcher reported that according to The Block, Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands and Hong Kong Telecom Limited (HKT) announced their participation in the Hong Kong Monetary Authority (HKMA)'s stablecoin issuer sandbox program. The collaboration will leverage Zodia Custody's digital asset custody capabilities to explore the role of stablecoins in the financial and payment markets and support Hong Kong in becoming a global digital asset center.

Earlier, the Hong Kong Monetary Authority announced the list of participants in the stablecoin issuer sandbox.