Standard Chartered-led Anchorpoint plans retail stablecoin as HSBC RedCoin launches
But the venture has yet to commit to a launch date, saying it will not rush the product to market
“Our next major milestone is to [help] bring regulated digital money into everyday payments and commercial applications, while connecting traditional payment infrastructure with this emerging digital finance,” said Dominic Maffei, CEO of Anchorpoint.
“This is a public blockchain stablecoin, so applying this to retail, a lot of considerations need to be made.”
Anchorpoint’s commitment to serving its retail customers comes as HSBC just launched its Hong Kong dollar-backed HSBC RedCoin for the 3.3 million users of its PayMe app.
