Hong Kong Zhongan Bank plans to provide banking services such as fiat reserve protection to stablecoin issuers

Hong Kong's virtual bank ZA Bank has announced that it will be the first to provide exclusive banking services to stablecoin issuers. It is reported that the bank is opening up the security of legal tender reserves, allowing stablecoin issuers to use these reserves to support digital assets. In addition, stablecoin issuers will also have access to banking services such as fund transfers, salary management, and various deposit options.