Standard Chartered’s Anchorpoint Says No Rush on Retail Stablecoin Launch
Photo: TheCoinrise
The bank-backed venture is weighing a consumer stablecoin after HSBC debuted its RedCoin product. Anchorpoint, the digital asset venture led by Standard Chartered, has pushed back on expectations that it will quickly follow rivals into the retail stablecoin market. The company told reporters it is weighing the move carefully rather than racing to market. The statement follows HSBC's recent launch of RedCoin, a stablecoin aimed at consumer use. HSBC's debut has raised questions about whether other major banks will accelerate their own retail-facing digital currency plans to keep pace. Anchorpoint's cautious stance suggests a different strategic calculus.
Source: TheCoinrise
