web3.0Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecom Collaborate in the Hong Kong Monetary Authority (HKMA) Stablecoin Sandbox
Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecom are collaborating in the Hong Kong Monetary Authority (HKMA) stablecoin sandbox
Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecom have joined the Hong Kong Monetary Authority (HKMA) stablecoin sandbox to explore the issuance of stablecoins.
Zodia Custody, a Standard Chartered subsidiary, will support the initiative.
“Standard Chartered is committed to staying at the forefront of the growing digital asset market and driving fintech innovation in Hong Kong,” said Dominic Maffei, Head of Digital Assets & Fintech, Hong Kong, Standard Chartered. “We believe that regulated financial institutions have a key role to play in the development of these markets.”
Hong Kong Telecom will investigate how stablecoins can facilitate domestic and cross-border payments through its consumer and merchant payment solutions.
Animoca Brands is actively involved in multiple web3 initiatives, including The Sandbox metaverse. Notably, Standard Chartered already owns virtual land in The Sandbox.
The stablecoin sandbox enables firms to test their operational plans, but they are not permitted to handle consumer funds in the initial stages. The HKMA will announce when the testing scope is expanded to support limited retail payments.
Ecommerce giant JD.com subsidiary joins sandbox
Two additional stablecoin projects have also entered the sandbox: JINGDONG Coinlink Technology and RD InnoTech (HKDR). Notably, JINGDONG is the same as JD.com, China’s equivalent of Amazon.com. JD has a market capitalization of more than $43 billion on the Nasdaq, so technically this is bigger news than Standard Chartered which is valued at less than half that amount.
Meanwhile, yesterday the HKMA published the results of its stablecoin consultation and its legislative proposals.
Ledger Insights will soon publish a report on bank-issued stablecoins and tokenized deposits. Sign up for notification of its release.
The above is the detailed content of Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecom Collaborate in the Hong Kong Monetary Authority (HKMA) Stablecoin Sandbox. For more information, please follow other related articles on the PHP Chinese website!
Sky Labs Posts $5 million in First-Quarter LossMay 15, 2025 pm 01:21 PMThe loss was a clear shift compared to the previous quarter, when Sky (formerly known as Makerdao) made $31 million in profits. According to a report by Steakhouse Financial, the DefiSavings protocol Sky reported that interest payments to token holders have more than doubled, losing $5 million. By comparison, profits in the previous quarter were $31 million. The reason for the 102% increase in interest payments was the decision to incentivize the use of existing DAIs by the New Sky Stable Stock (USDS) using the agreement. “The sky savings rate remained at a height of 12.5% relative to the rest of other markets, driving a large inflow. As we started to reduce the rate in February to 4.
Web3 AI ($WAI): A Required 12-Type Tool Kit for Crypto BuyersMay 15, 2025 pm 01:18 PMFor those looking to go beyond the high-end cryptocurrency that is just excitement, it is crucial to consider projects that offer tangible utilities. One project stands out clearly in a project focused on smarter transactions, deeper data insights and enhanced risk management - Web3AI. Here is an analysis of the 12 tools that lift Web3AI to the top of the top cryptocurrency chart, followed by three other competitors worthy of your consideration. Web3AI ($WAI): The 12-first tool suite for crypto buyers Web3AI ($WAI) goes beyond the typical token model; it is a well-crafted comprehensive ecosystem designed to empower crypto enthusiasts with automation, precise analysis and excellent risk management, and is tokenized by $WAI tokens
Virtual Protocol (virtual) tokens continue to rise and hover around their highest pointMay 15, 2025 pm 01:15 PMVirtual protocol tokens rose to $2.15 on Tuesday, reaching their highest level since January 31, well above the April low. Virtual protocol (virtual) tokens continue to rise and hover at their highest point since January 31 as smart currency investors accumulate faster. The virtual protocol (virtual) token hit $2.15 on Tuesday, with its highest level rising 375% from April since January 31. As demand for AI agents grows in the AI ecosystem, token prices rise. The best performers recently include Aixbt, Ribbita, Toshi, Keyboard Cat and Luna. Toshi has over 611,000 holders, while keyboard CAT and AIXBT have over 483,5 respectively
As Bitcoin approaches $104,000, Dogecoin's price is soaring, and Ethereum is outperformingMay 15, 2025 pm 01:12 PMDogecoin grew 9% on the day and rose 27% this week, reaching its highest price in the past two months. Bitcoin’s recovery above $100,000 seems to be driving a boost in sentiment across the market. As Bitcoin approaches $104,000, Dogecoin's price is soaring, and Ethereum is also performing strongly. Dogecoin has grown 9% in the past 24 hours, bringing it to its highest point in two months in the past 7 days. Bitcoin’s recovery at over $100,000 appears to be driving wider market sentiment. Currently, Bitcoin is priced at $103,700, just 5% lower than its all-time high of $108,786. Meanwhile, Ether
Bitcoin (BTC) price acceleration is unfolding along with the main expansion of Stablecoin liquidityMay 15, 2025 pm 01:09 PMBitcoin’s recent price acceleration is being marked by a significant expansion of Stablecoin liquidity and a $600 million increase in Tether (USDT) market cap over the past 20 days. CryptoQuant's latest on-chain data suggests that there is a striking correlation between the major expansion of Stablecoin liquidity and the acceleration of Bitcoin (BTC) price. As the cryptocurrency market adapts to new trends in market share, the role of stablecoins such as Tether's (USDT) in fueling wider market liquidity has become increasingly obvious. The market value of the tether has increased by $6 billion in the past 20 days alone. Since the total supply for the whole year is close to $150 billion now,
Basic Brett Meme Coins have increased by 70% over the past weekMay 15, 2025 pm 01:06 PMThe value of the basic Brett meme coins has increased by 70% over the past week and are currently trading at $0.08,108. The value of the basic meme coin Brett (Brett) has increased by 70% over the past week, and as of the time of this writing, it has traded at $0.08,108. Its market capitalization also exceeded US$803 million. While the meme coin is still below its all-time high (ATH) of $0.235 (August 2022), its momentum is growing as capital continues to flow into the basic chain. According to DeBank's on-chain metrics data, Base's current total lock-in value is $3.788 billion, showing nearly 1% growth in the past 24 hours. The ecosystem is on 4.11
XRP shows that as of 13/05/2025, it is currently trading at $2.54, which is a serious work trip.May 15, 2025 pm 01:03 PMAccording to CoinMarketCap, the cryptocurrency market grew 20.14% last week. Still, the market has dropped slightly by 1.19% over the past 24 hours. The price of XRP shows a significant change, with the current trading price of $2.54 as of May 13, 2025. According to CoinMarketCap, the cryptocurrency market grew 20.14% last week, despite this fact that it has fallen 1.19% in the past 24 hours. However, the recent performance of the token has sparked optimism among investors. Yesterday, the price of XRP once reached $2.6093, just $0.40 away from $3. Subsequently, the price fell to $2.41 and then rebounded to current water
Bitcoin (BTCUSD) price has risen 22% over the past month, Coinbase (Coin)May 15, 2025 pm 01:00 PMBitcoin (BTCUSD) price has risen 22% in the past month, and Coinbase (Coin) MicroStrategy (NASDAQ:MSTR) has become synonymous with the financial policy strategy of Bitcoin (BTCUSD) retail investors. The company, originally known for its enterprise software, has turned to focus on Bitcoin in recent years, resulting in investor returns of more than 1,400%. Now, as Coinbase (NASDAQ:COIN) prepares to join the S&P 500 (SPX) next week, this marks an important milestone in the cryptocurrency industry as the top institutional hub will include cryptocurrency companies for the first time. HCWainwright's team to MicroSt
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.
SublimeText3 English version
Recommended: Win version, supports code prompts!
SublimeText3 Linux new version
SublimeText3 Linux latest version
VSCode Windows 64-bit Download
A free and powerful IDE editor launched by Microsoft
SublimeText3 Mac version
God-level code editing software (SublimeText3)
