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#HSBC RedCoin

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Standard Chartered-Backed Anchorpoint Says It Is in No Rush to Launch Retail Stablecoin
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Standard Chartered-Backed Anchorpoint Says It Is in No Rush to Launch Retail Stablecoin

Key Highlights: Anchorpoint leadership emphasizes long-term sustainability over an accelerated rollout, stating that rushing to market does not make sense. The initiative stems from a partnership between Standard Chartered, Animoca Brands, and HKT, initiated after their participation in Hong Kong’s stablecoin issuer sandbox. The developments follow HSBC’s rollout of its Hong Kong dollar-backed RedCoin to ...

HSBC Names Its Hong Kong Dollar Stablecoin ‘HSBC RedCoin’
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HSBC Names Its Hong Kong Dollar Stablecoin ‘HSBC RedCoin’

Key Highlights HSBC has named its forthcoming Hong Kong dollar stablecoin HSBC RedCoin. The stablecoin is planned to launch before the end of the year through PayMe and the HSBC HK Mobile App. Initial use cases will focus on person-to-person transfers and person-to-merchant payments before potential expansion to corporate and institutional applications. HSBC Names Hong ...