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Standard Chartered-backed Anchorpoint plans retail stablecoin post-HSBC RedCoin launch

By PulseAugur Editorial · [1 sources] ·

Standard Chartered-led Anchorpoint is planning to launch a retail stablecoin on a public blockchain, aiming to integrate traditional payment systems with digital finance. This move follows the recent launch of HSBC's Hong Kong dollar-backed RedCoin, which is available to users of its PayMe app. Anchorpoint's CEO, Dominic Maffei, emphasized a prudent approach to bringing regulated digital money into everyday payments and commercial applications. AI

RANK_REASON This is a product launch announcement from a joint venture, not a frontier AI release or significant industry event.

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Standard Chartered-backed Anchorpoint plans retail stablecoin post-HSBC RedCoin launch

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5 / 100
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Tool
This is a product launch announcement from a joint venture, not a frontier AI release or significant industry event.
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product, other
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Low
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Breaking (< 6h)
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Tim Yuen Lingk ·

    Standard Chartered-led Anchorpoint plans retail stablecoin as HSBC RedCoin launches

    After HSBC RedCoin launched on Friday, Anchorpoint – the stablecoin-issuing joint venture led by Standard Chartered – said it plans to launch a retail product on a public blockchain, even as it takes a “prudent approach”. “Our next major milestone is to [help] bring regulated dig…

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