According to PANews, Animoca Brands has announced its collaboration with Standard Chartered Bank (Hong Kong) and Hong Kong Telecom (HKT) in the stablecoin issuer sandbox initiative launched by the Hong Kong Monetary Authority in March this year. The three companies have outlined their respective roles in this project. HKT will focus on exploring how stablecoin innovations can support local and cross-border payments, aiming to bring greater benefits to consumers and merchants. Standard Chartered Bank (Hong Kong) will actively participate in the sandbox to explore the most effective ways to support the growth of Hong Kong's digital asset ecosystem. The bank will also delve into the opportunities and risks that the evolution of the stablecoin market presents to this ecosystem. Meanwhile, Animoca Brands is committed to promoting the widespread application of digital assets and integrating blockchain-related technological solutions into physical assets and the traditional economy.