According to Woofun AI, facing the situation where rival HSBC Bank (HSBC.US) has opened up the HKD-backed stablecoin RedCoin for 3.3 million PayMe users, Anchorpoint, led by Standard Chartered Bank (Hong Kong), said it still plans to launch retail products on the public chain, but clearly declined to confirm its specific launch schedule.
The startup launched stablecoin products for institutional clients as early as August, and previously indicated that a retail version could be launched as early as the end of 2026. However, at a press conference held on Friday, Anchorpoint CEO Dominic Maffei (Dominic Maffei) did not restate this point, but instead emphasized the importance of a prudent approach, pointing out that developing the market in a long-term, sustainable manner is the core, and that there is “no point” in launching a product hastily.
According to data compiled by Woofun AI, Anchorpoint officially announced the results of the collaboration in February 2025 after Standard Chartered Bank, Animoca Brands and HKT participated in the Hong Kong stablecoin issuer sandbox in July 2024. Among them, Animoca Brands is responsible for injecting blockchain technology expertise and industry contacts, with the aim of promoting the stablecoin's multi-scenario application construction in the Web3 ecosystem.
As giants race on the HKD stablecoin circuit, Anchorpoint's hesitation reflects traditional financial institutions' deep consideration of retail compliance and ecological cultivation. This “institution first, retail slow down” strategy may be to seek a more stable implementation path within the regulatory framework, rather than simply pursuing short-term expansion of market share.