Anchorpoint, a joint venture of Standard Chartered and Animoca Brands, says it will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users and has not confirmed a launch date, despite earlier indicating a launch as early as the end of 2026. CEO Dominic Maffei said the company aims to build the market in a long-term, sustainable manner, and that rushing a launch “does not make sense.” The update follows HSBC's launch of its Hong Kong dollar-backed RedCoin for the 3.3 million users of its PayMe app. Anchorpoint released its institutional stablecoin product in August and grew out of a partnership between Standard Chartered, Animoca Brands and HKT announced in February 2025.
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stablecoinscryptoStandard CharteredHong Kong
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/25/2026 | 80,154.09 |
| Change that session | -0.91% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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