Anchorpoint Won’t Rush Retail Stablecoin as HSBC Launches RedCoin

Anchorpoint, the Hong Kong stablecoin venture backed by Standard Chartered, says it is in no hurry to launch a stablecoin for retail users, even as rival HSBC has already gone live.

Speaking at a press conference on Friday, chief executive Dominic Maffei declined to give a timeline for a retail launch, the South China Morning Post reported. He said rushing a launch “does not make sense,” and that building the market sustainably was important.

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