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Wire · operational-macro

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

25 October 2026 · By · Wire by Fusion42

Published

25 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

Hong Kong

◆ Source

Read at scmp.com →

◆ Verified

Fusion42 · 26 October 2026 · Fusion42 review

Anchorpoint, led by Standard Chartered, plans to launch a retail stablecoin on a public blockchain while taking a cautious approach, emphasizing market education and sustainable development. This move follows HSBC's launch of its Hong Kong dollar-backed stablecoin RedCoin, targeting mass retail users in Hong Kong.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

Your payments startup in Hong Kong must now factor in growing stablecoin adoption backed by major banks. The retail market is opening for blockchain-based money, so tailor your product to match regulated ecosystems and focus on consumer education.

◆ Coverage

1 source · 25 Oct 2026

◆ Related on Wire

◆ Topics

Fintechstablecoinretail-bankingblockchainhong-kongdigital-payments