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According to Bloomingbit, Ji Man-soo, Senior Research Fellow at the Korea Financial Research Institute, stated that before deciding on the issuing entity for the Korean won stablecoin, policymakers should prioritize reviewing concrete use cases and feasibility. Citing Hong Kong as a reference case, he noted that the Hong Kong Monetary Authority (HKMA) has granted stablecoin issuance licenses to HSBC Hong Kong and AnchorPoint Financial—a joint venture established by Standard Chartered Hong Kong, Animoca Brands, and HKT—covering use cases such as cross-border payments, domestic payments, tokenized asset trading, and supply chain finance, all aligned with broader digital finance strategies including central bank digital currency (CBDC) and tokenized deposits. Ji Man-soo suggested that discussions around the Korean won stablecoin should begin by asking, “Which problems in Korea’s domestic financial and payment systems can it solve?” Concurrently, specific applications for payments, asset tokenization, and trade finance must be designed to ensure the regulatory framework is effectively implemented.
Nasdaq-listed Alpha Compute has announced the completion of its acquisition of a majority stake in GAMEE, a gaming and digital rewards platform, securing a 60% controlling interest. The transaction has now met all regulatory and closing conditions.According to the agreement, Alpha Compute acquired GAMEE from Animoca Brands for a consideration of approximately $11 million, implying an enterprise valuation of roughly $18 million. The transaction structure includes cash, stock, and future performance-based earnouts, along with an EBITDA milestone incentive clause over two years. Additionally, approximately 878 million GMEE tokens associated with Animoca are also included in the transaction arrangement.Following the transaction, Alpha Compute will establish a new AI gaming division named Alpha Games, with GAMEE founder Bozena Rezab serving as Executive Vice President. GAMEE will be integrated into Alpha Compute's AI infrastructure system, working in synergy with its GPU computing platform.
According to The Block, Circle CEO Jeremy Allaire stated in an interview with Reuters that there is a “huge opportunity” for a renminbi (RMB)-backed stablecoin. If Chinese authorities wish to enhance the RMB’s global competitiveness, stablecoins could serve as a key technological tool for currency internationalization, and he predicted China may launch an RMB-backed stablecoin within the next three to five years. Notably, the People’s Bank of China (PBOC) and multiple other regulatory bodies explicitly prohibited, as of February 2026, the issuance of RMB-backed stablecoins outside mainland China without prior regulatory approval. In contrast, Hong Kong’s regulatory stance is markedly different: last week, the Hong Kong Monetary Authority (HKMA) issued the first stablecoin licenses to HSBC and Anchorpoint Financial—a joint venture among Standard Chartered, Animoca Brands, and Hong Kong Telecom.