According to PANews, the Hong Kong Monetary Authority (HKMA) announced the list of stablecoin issuer sandbox participants in July, with Standard Chartered being one of the selected entities. Dominic Maffei, the bank's Head of Digital Assets and Fintech, revealed that Standard Chartered is focusing on developing a 'universal stablecoin.' This stablecoin aims to connect various application scenarios, thereby expanding its potential for future development.
