Standard Chartered-led Anchorpoint says it’s not rushing retail stablecoin

What happened: Anchorpoint, the Standard Chartered and Animoca Brands joint venture, said it will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users and declined to confirm a launch date. Key numbers: The venture released its institutional stablecoin product in August and had previously indicated retail access Why it matters: CEO Dominic Maffei declined to reaffirm the 2026 timeline at a Friday press conference, saying the company would take a prudent approach and that rushing a launch "does not make sense." The update follows HSBC's RedCoin rollout.

Anchorpoint, the Standard Chartered and Animoca Brands joint venture, said it will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users and declined to confirm a launch date.

CEO Dominic Maffei declined to reaffirm the 2026 timeline at a Friday press conference, saying the company would take a prudent approach and that rushing a launch "does not make sense." The update follows HSBC's RedCoin rollout.