Standard Chartered-led Anchorpoint to launch retail stablecoin; HSBC RedCoin debuts

Anchorpoint, a Standard Chartered-led stablecoin venture, announced plans for a retail stablecoin on a public blockchain, following HSBC's RedCoin launch on Friday. The move signals accelerating institutional adoption of regulated digital money in Hong Kong, though Anchorpoint is taking a cautious approach. This development underscores the growing competition among major banks to issue stablecoins, which could reshape payment infrastructure and digital asset markets.

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