Animoca President Ties Stablecoin to Buses

Anchorpoint, a joint venture of Standard Chartered, HKT and Animoca, began rolling out a Hong Kong dollar stablecoin in mid-August, with retail use possible by year end. Animoca president Evan Auyang, a former Kowloon Motor Bus executive, frames blockchain as public infrastructure. Hong Kong's regulator cleared only Anchorpoint and HSBC from 36 applicants in April.