Hong Kong’s ZA Bank is set to propel local Web3 adoption with its latest initiative, offering specialized banking services tailored for stablecoin issuers. The announcement on April 5 unveils the virtual bank’s plan to fortify security for fiat reserves, which issuers can utilize to support digital assets. Stablecoin issuers will gain access to a range of banking services, including fund transfers, payroll management, and various deposit options. Devon Sin, ZA Bank’s alternate chief executive, expressed the institution’s firm backing for the Web3 community, stating, “With these new services, we’re directly addressing the unique challenges faced by stablecoin issuers, ultimately promoting