---
title: "Standard Chartered-Backed Anchorpoint Plans Retail Stablecoin on Public Blockchain"
description: "Anchorpoint outlines plans for a regulated retail stablecoin on a public network following the rollout of HSBC's RedCoin."
url: https://basisdesk.news/news/standard-chartered-anchorpoint-retail-public-blockchain-stablecoin
published: 2026-10-26T00:26:17.893Z
modified: 2026-10-26T00:26:17.893Z
section: Stablecoins & Payments
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bullish
tickers: [BTC, ETH]
tags: [Anchorpoint, Standard Chartered, HSBC, RedCoin, Hong Kong, Retail Stablecoins]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# 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.

## At a glance

- **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.
- **Status:** announced
- **Primary source:** [Standard Chartered-led Anchorpoint plans retail stablecoin on public blockchain](https://www.scmp.com/business/cryptocurrency/article/3372060/standard-chartered-led-anchorpoint-plans-retail-stablecoin-hsbc-redcoin-launches) — scmp.com

## 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.

## Editorial remark

- **Context:** Anchorpoint's development arrives amid escalating efforts by traditional global banking franchises to deploy regulated stablecoin products directly to consumer and retail payment ecosystems.
- **Impact:** Retail consumers and merchants operating across Asian commercial channels could gain direct access to bank-grade digital settlement assets deployed across open blockchain networks.
- **Watch:** Network selection and specific launch timelines from Anchorpoint, alongside regulatory licensing updates for public chain deployment.

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](https://basisdesk.news/analysis/stablecoin-q3-volume-visa-stripe-adoption).

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. [Standard Chartered-led Anchorpoint plans retail stablecoin on public blockchain](https://www.scmp.com/business/cryptocurrency/article/3372060/standard-chartered-led-anchorpoint-plans-retail-stablecoin-hsbc-redcoin-launches) — scmp.com, 2026-10-25

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai