Anchorpoint, Backed by Standard Chartered, Takes Measured Approach to Consumer Stablecoin Launch

Anchorpoint, Backed by Standard Chartered, Takes Measured Approach to Consumer Stablecoin Launch

The collaborative venture between Standard Chartered and Animoca Brands had previously set a goal for retail availability by the conclusion of 2026 at the earliest, though its chief executive officer has refrained from confirming that schedule.

Anchorpoint, the stablecoin initiative supported by Standard Chartered, has stated it will adopt a measured and careful strategy when it comes to making its Hong Kong dollar-pegged stablecoin available to everyday consumers, choosing not to provide a specific launch date following competitor HSBC's introduction of RedCoin, as reported by the South China Morning Post.

The company made its institutional-focused stablecoin product available in August and had earlier suggested that a consumer-oriented version might become available by the conclusion of 2026 at the earliest.

During a press conference held on Friday, Anchorpoint's chief executive officer Dominic Maffei chose not to reaffirm that specific timeframe, stating instead that the organization would pursue a careful and thoughtful path forward.

We believe it's important to build the market out in a long-term, sustainable manner,

Maffei stated, further noting that accelerating a product launch "does not make sense."

This announcement follows HSBC's Friday rollout of RedCoin, its stablecoin backed by the Hong Kong dollar, which is now accessible to the 3.3 million individuals who use its PayMe application.

The origins of Anchorpoint trace back to a collaborative arrangement involving Standard Chartered, Animoca Brands and HKT, a telecommunications service provider, which was made public in February 2025, coming after their collective involvement in Hong Kong's sandbox program for stablecoin issuers that began in July 2024.

The contribution from Animoca centers on providing its specialized knowledge in blockchain technology and its extensive industry connections to the partnership, as well as assisting in creating practical applications for the stablecoin throughout the Web3 digital ecosystem.