Anchorpoint weighs retail stablecoin launch after HSBC RedCoin debut

Standard Chartered-backed Anchorpoint has maintained plans to launch its Hong Kong dollar stablecoin for retail customers on a public blockchain, but has declined to commit to a release date after HSBC introduced RedCoin to PayMe users. Anchorpoint plans retail access to its HKDAP stablecoin but has not confirmed a launch date. HSBC began rolling out RedCoin to its 3.3 million PayMe users on October 23. Anchorpoint is targeting cross-border payments through a public blockchain and authorized distributors. CEO Dominic Maffei says customer education and infrastructure readiness are priorities before expanding retail access.

Source: crypto.news