Anchorpoint, a joint venture backed by Standard Chartered, Animoca Brands and HKT, will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users. Its chief executive, Dominic Maffei, did not reaffirm the previous target of a launch as early as the end of 2026. Maffei said the market needed to be developed in a sustainable manner over the long term and that rushing a launch did not make sense. The announcement follows HSBC’s launch on Friday of its Hong Kong dollar-backed RedCoin for the 3.3 million users of its PayMe app.
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