Anchorpoint Weighs Retail Stablecoin Launch After HSBC RedCoin Debut
Anchorpoint will use authorized distributors and keep retail timing flexible as it builds custody, conversion and compliance infrastructure for HKDAP.
- Standard Chartered-backed Anchorpoint CEO Dominic Maffei announced plans to launch a retail stablecoin on a public blockchain on Monday, declining to confirm a 2026 date and citing a "prudent approach."
- The Hong Kong Monetary Authority licensed Anchorpoint as one of the city's two initial stablecoin issuers on April 10, 2026. The venture aims to integrate regulated digital money into everyday commercial transactions.
- Anchorpoint's cautious strategy follows HSBC's Friday launch of RedCoin, which reached approximately 3.3 million users through the PayMe app, illustrating growing competition among licensed issuers.
- Unlike HSBC's direct-to-consumer approach, Anchorpoint plans to reach customers through authorized distributors in an "open and inclusive ecosystem," connecting traditional payment infrastructure with blockchain-based financial services.
- Maffei emphasized building a "long-term, sustainable" market rather than rushing a launch, aiming to connect Hong Kong to international corridors while referencing previous work in the United Arab Emirates.
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The New York Ledger
coinstats.appStandard Chartered-led Anchorpoint says it’s not rushing retail stablecoin
The Standard Chartered and Animoca Brands joint venture previously targeted retail access as early as the end of 2026, but its CEO declined to reaffirm that timeline. Standard Chartered-backed stablecoin venture Anchorpoint says it will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users, declining to confirm a launch date […]
Standard Chartered-led Anchorpoint plans retail stablecoin on public blockchain
After HSBC RedCoin launched on Friday, Anchorpoint – the stablecoin-issuing joint venture led by Standard Chartered – said it plans to launch a retail product on a public blockchain, even as it takes a “prudent approach”. “Our next major milestone is to [help] bring regulated digital money into everyday payments and commercial applications, while connecting traditional payment infrastructure with this emerging digital finance,” said Dominic Maff…
Anchorpoint, a Standard Chartered partnership, is not giving a firm date for launching its Hong Kong dollar-backed stablecoin to individual users. While not reaffirming its previously stated year-end target, the company is prioritizing infrastructure readiness.
Anchorpoint Plans Retail Stablecoin on Public Blockchain
Anchorpoint, the stablecoin-issuing joint venture led by Standard Chartered, plans to introduce a retail product on a public blockchain as competition intensifies in Hong Kong’s digital payments market. The company is taking a cautious approach to development, prioritizing long-term adoption, regulatory considerations and partnerships before confirming a launch date. Anchorpoint aims to bring regulated digital […]
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