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Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Animoca Brands and Standard Chartered Establish Stablecoin Issuer in Hong Kong
Major Web3 investor Animoca Brands has formed a stablecoin joint venture (JV) with the Hong Kong division of multinational bank Standard Chartered (2888).
The JV, known as Anchorpoint, also includes Hong Kong Telecom (HKT) and aims to build a business model for the issuance of licensed stablecoins, according to an emailed announcement on Friday.
Anchorpoint has expressed its interest in applying for a stablecoin issuer license in Hong Kong coinciding with the special administrative region's much-anticipated regulatory regime coming into effect at the start of this month.
The three entities have been jointly participating in the Hong Kong Monetary Authority's (HKMA) stablecoin sandbox for over a year in preparation for the regulation.
Around 40 companies are expected to apply for licensing under Hong Kong's Stablecoin Ordinance, though HKMA CEO Eddie Yue said the regulator was likely to approve fewer than 10.
Stablecoins are crypto tokens pegged to the value of a traditional financial asset, such as a fiat currency, usually the U.S. dollar. They have been a central part of developing regulatory oversight of cryptocurrency in 2025, with the U.S. moving to regulate stablecoins under the GENIUS act, as well as the advent of the licensing regime in Hong Kong.
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