Anchorpoint Won’t Rush Retail Stablecoin as HSBC Launches RedCoin
Anchorpoint, the Hong Kong stablecoin venture backed by Standard Chartered, says it is in no hurry to launch a stablecoin for retail users, even as rival HSBC has already gone live. Speaking
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AnonymousCryptoCompass newsroom
October 26, 2026
1 min read
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Anchorpoint, the Hong Kong stablecoin venture backed by Standard Chartered, says it is in no hurry to launch a stablecoin for retail users, even as rival HSBC has already gone live.
Speaking at a press conference on Friday, chief executive Dominic Maffei declined to give a timeline for a retail launch, the South China Morning Post reported. He said rushing a launch “does not make sense,” and that building the market sustainably was important.
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Read this article on bsc.news @arbitrum ($ARB), an Ethereum layer-2 network whose technology also powers chains such as Robinhood Chain, has had a busy stretch since early October. Developmen