Standard Chartered-led Anchorpoint says it’s not rushing retail stablecoin
Summary
Standard Chartered-backed Anchorpoint says it will take a cautious approach to launching its Hong Kong dollar-backed stablecoin for retail users, with CEO Dominic Maffei declining to confirm a previously suggested end-2026 timeline. The venture’s institutional product launched in August. Its comments follow HSBC’s release of RedCoin for users of its PayMe app. Anchorpoint was formed by Standard Chartered, Animoca Brands and HKT after their participation in Hong Kong’s stablecoin issuer sandbox.
