Standard Chartered Bank, Animoca Brands, and HKT have entered into agreements to establish a joint venture with the intention to apply for a license from the Hong Kong Monetary Authority in the new regulatory regime in order to issue a Hong Kong dollar-backed stablecoin.
https://www.animocabrands.com/standard-chartered-animoca-brands-and-hkt-establish-joint-venture-issue-hkd-backed-stablecoin