ZA Bank, HK's largest virtual bank, provides exclusive reserve services to stablecoin issuers, in line with HK's new licensing regime. 🚀

- ZA Bank is the first digital bank in HK to provide this service, marking an important step forward between traditional banks and fintech.

- Yuancoin is the first stablecoin issuer to use ZA Bank's reserve service, promoting digital asset stability and innovation.

- ZA Bank CEO emphasized the combination of traditional banking and fintech, affirming its commitment to improving digital asset stability.

- The bank is in talks with about 10 other stablecoin companies, opening up many potential projects and collaborations.

- ZA Bank processed more than $1 billion in transactions for Web3 customers in 2023.

- In May 2023, ZA Bank announced plans to launch retail virtual asset trading services, accounting for more than 80% of the VATP customer market share in HK.

What do you think about this step of ZA Bank? Comment below! 💬