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Stablecoins & Payments · 1 min read

Standard Chartered-Backed Anchorpoint Plans Retail Stablecoin on Public Blockchain

Anchorpoint outlines plans for a regulated retail stablecoin on a public network following the rollout of HSBC's RedCoin.

Editorial oversight: Julian Mercer, Chief Editor
Bullish
$BTC $79,946 −0.9% $ETH $2,320 −1.4%

At a glance Announced

What happened
Standard Chartered-led joint venture Anchorpoint announced plans to launch a regulated retail stablecoin on a public blockchain.
Why it matters
The initiative deepens traditional bank involvement in public blockchain settlement following HSBC's rollout of RedCoin.
Who is affected
Retail payments consumers, merchants, and institutions using bank-backed digital settlement systems.
What's next
No next step announced.
Primary source
scmp.com: Standard Chartered-led Anchorpoint plans retail stablecoin on public blockchain

Key points

  • Standard Chartered-led joint venture Anchorpoint plans to launch a retail stablecoin on a public blockchain.
  • CEO Dominic Maffei said the venture aims to connect traditional payments with emerging digital finance under a prudent framework.
  • The announcement follows HSBC's Friday launch of Hong Kong dollar-backed RedCoin across 3.3 million PayMe users.

Anchorpoint, the stablecoin-issuing joint venture led by Standard Chartered, announced plans to issue a retail stablecoin deployed on a public blockchain 1. The project intends to adopt what it described as a prudent rollout strategy to deliver regulated digital currency for everyday consumer and commercial transactions 1.

Dominic Maffei, chief executive officer of Anchorpoint, noted that the initiative aims to bridge conventional financial payment rails with decentralized digital finance infrastructure 1. Maffei explained that deploying a stablecoin specifically for retail users on a public blockchain requires navigating extensive operational and design considerations 1.

Institutional Competition Intensifies

The initiative comes amid accelerating competition among major banking groups to establish footholds in regulated digital asset settlement. The move follows the Friday release of HSBC RedCoin, a Hong Kong dollar-backed stablecoin introduced to the 3.3 million users of HSBC's PayMe application 1. Anchorpoint's effort aligns with broader institutional moves across digital payments, where major payment processors and lenders continue integrating digital currencies into standard settlement workflows, as explored in Visa, Stripe, and Banks Propel Stablecoin Transfer Volumes Past $890 Billion in Q3.

Anchorpoint has not disclosed an exact deployment date or specified the public blockchain network selected for the issuance 1. At the time of writing, broader digital asset markets remained steady, with $BTC trading at $80,095 and $ETH at $2,330.

Sources

  1. [1] Standard Chartered-led Anchorpoint plans retail stablecoin on public blockchain — scmp.com, October 25, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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