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![animocabrands Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2478217117.png) Animoca Brands [@animocabrands](/creator/twitter/animocabrands) on x 323.9K followers
Created: 2025-07-25 06:47:20 UTC

China was once skeptical towards stablecoins, but the narrative has shifted.

Now, with crypto becoming more institutionalized, stablecoins have become a global point of interest.

There will come a time when “every country will have a regulated stablecoin at some point in time,” our group president @EvanAuyang said to @CoinDesk.

At Animoca Brands, we’re proud to work alongside @StanChart and Hong Kong Telecom to issue a HKD-backed stablecoin.

With the US passing its GENIUS Act and China ramping up efforts, Hong Kong is undoubtedly emerging as a hub for stablecoin innovation.

![](https://pbs.twimg.com/media/GwryOH4b0AAffYE.jpg)

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**Related Topics**
[coins stablecoin](/topic/coins-stablecoin)
[china](/topic/china)

[Post Link](https://x.com/animocabrands/status/1948636167123128362)