Animoca Brands, the leading gaming software company, has announced its alliance with HKT, the telecom giant of Hong Kong, and Standard Chartered to launch a new venture, Anchorpoint Financial Limited.
Per the official announcement from Animoca Brands, the intent behind the joint alliance is to launch and manage licensed stablecoins; also, Anchorpoint has already notified the Hong Kong Monetary Authority of its plan to apply for a stablecoin issuer’s license.
Following this development, Evan Auyang, Animoca Brand’s group president, said, the Animoca is proud to partner with HKT and Standard Chartered to establish Anchorpoint in applying for a stablecoin issuer license under HKMA.
It is worth noting that following the new stablecoins Ordinance, which came into effect on August 01, 2025, dozens of institutions have rushed to apply for stablecoin and related services.
HK Stablecoins Ordinance paves a clear path for issuers
Hong Kong has been positive towards cryptocurrencies, stablecoins, and other blockchain-based products, yet its neighbour, China, has imposed a complete ban on crypto as far back as summer 2021.
Over the last few years, Hong Kong and its administration have shown an optimistic approach towards digital assets and have succeeded in forming and implementing a clear and favorable set of rules.
Nowadays, Hong Kong not only favors blockchain-based products and other similar products but has also been constantly helping others to structure a framework for the proper functioning of crypto and digital assets.
Stablecoins to surpass $500 million cap by 2025 end
According to the data from CoinMarketCap, the stablecoin market cap is nearing $300 billion, and at the time of writing, it was $270 billion with a weekly addition of $2.606 billion.
However, USDT is still the most prominent stablecoin in terms of market cap, trading volume, and credibility, yet it is closely followed by USDC, which has a market capitalization of $64.50 billion, and Ethena USDe has a cap of $9.78 billion, which is soon expected to touch the market of $10 billion.
USDT is currently dominating 61.25% of the stablecoin market and is constantly expanding its presence in the stablecoin sector.
A quick overview of the crypto market
When writing, the crypto market capitalization was $3.87 trillion with an increase of 1.81% in the past 24 hours, and the trading volume is $183.83 billion, and the crypto fear and greed index was at 59, indicating neutrality.
Bitcoin is currently priced at $116,535 with an increase of 1.34% in the past 7 days, yet the market capitalization is $2.31 trillion, and volume is $67 billion.
Ethereum is priced at $3,898 with a surge of 2.52% and the market capitalization has uptick by 2.59% market capitalization reaching $470.66 billion, and volume has reached $42.86 billion with a growth of 59.49%.
The intraday gainers list has been topped by Pendle, which reached $5.31 with an increase of 23.12% followed by Story, which grew by 12.88% reaching $6.71, and Lido has added 12.60%.
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