{
  "id": 16533137,
  "title": "Standard Chartered-led Anchorpoint plans retail stablecoin as HSBC RedCoin launches",
  "url": "https://urgent.news/2026/10/25/standard-chartered-led-anchorpoint-plans-retail-stablecoin-as-hsbc-16533137",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-25T23:00:15.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/cryptocurrency/article/3372060/standard-chartered-led-anchorpoint-plans-retail-stablecoin-hsbc-redcoin-launches"
  },
  "original_language": "en",
  "account": "Standard Chartered-led Anchorpoint plans to launch a retail stablecoin on a public blockchain, following HSBC's recent launch of RedCoin in Hong Kong. Dominic Maffei, CEO of Anchorpoint, emphasized the importance of a long-term, sustainable approach to building a market for retail stablecoins. Anchorpoint's retail product could be available by the end of 2026, though no exact launch date was confirmed at a press conference. The stablecoin will operate on a public blockchain and is expected to facilitate retail payments and commercial applications, connecting traditional payment infrastructure with emerging digital finance. Anchorpoint's CEO highlighted the advantages of stablecoins, such as 24/7 operation, instant transactions, cost reduction, programmability, interoperability, and scalability. Stablecoins are digital tokens issued on a blockchain that can be transferred between parties within seconds, pegged to traditional currencies like the Hong Kong dollar or US dollar.",
  "summary": "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 digital money into everyday payments and commercial applications, while connecting traditional payment infrastructure with…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Cointelegraph",
        "title": "Standard Chartered-led Anchorpoint says it’s not rushing retail stablecoin",
        "url": "https://urgent.news/2026/10/26/standard-chartered-led-anchorpoint-says-its-not-rushing-retail",
        "published": "2026-10-26T00:13:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}