Standard Chartered-led Anchorpoint plans retail stablecoin as HSBC RedCoin launches

South China Morning Post Sunday 25 October 2026, 23:00 UTC By Tim Yuen Lingk 1 min read

Key Points

After HSBC RedCoin launched on Friday, Anchorpoint – the stablecoin-issuing joint venture led by Standard Chartered – said it plans to launch a retail product on a public blockchain, even as it takes a “prudent approach”. “Our next major milestone is to [help] bring regulated digital money into everyday payments and commercial applications, while connecting traditional payment infrastructure with this emerging digital finance,” said Dominic Maffei, CEO of Anchorpoint.

Standard Chartered (ORG) Anchorpoint (ORG) HSBC RedCoin (ORG) Dominic Maffei (PERSON)

Originally published by South China Morning Post Read original →

Elon Musk said SpaceX has closed $40 billion in debt financing to purchase graphics processing units, or GPUs, used to power artificial intelligence systems. In a post on X on Sunday, Musk said SpaceX had closed the financing, adding that the company was investment grade and generated revenue from its Starlink satellite internet and rocket launch businesses. In a follow-up post, he added that the financing, primarily consisted of callable debt for graphics processing units, is expected to...

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Standard Chartered-led Anchorpoint plans retail stablecoin as HSBC RedCoin launches

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