According to Odaily, Hong Kong's virtual bank ZA Bank has announced the provision of exclusive reserve banking services for stablecoin issuers under the new stablecoin licensing regime. This framework mandates that stablecoin issuers must hold reserve assets in local banks to ensure market stability. ZA Bank has become the first digital bank to offer such services and is collaborating with Yuancoin to promote innovation and stability in digital assets. The bank is currently in discussions with ten other stablecoin companies and is actively supporting the policies of the Hong Kong Monetary Authority.
