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Anchorpoint delays HKD stablecoin retail launch, prioritizing market readiness over timing.

Market News
26 Oct 2026
Crypto news
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Neutral
Anchorpoint delays HKD stablecoin retail launch, prioritizing market readiness over timing.

Anchorpoint, backed by Standard Chartered, plans to launch its Hong Kong dollar stablecoin (HKDAP) for retail customers but has not set a firm release date. The company is focusing on building infrastructure and educating customers before expanding access, contrasting with HSBC's recent rollout of its RedCoin stablecoin to 3.3 million PayMe users. Anchorpoint aims to use a public blockchain and authorized distributors to facilitate cross-border payments and commercial transactions. The firm emphasizes a cautious, sustainable approach to market development rather than rushing to meet previous tentative timelines like the end of 2026.

Anchorpoint's retail stablecoin plans provide context for cryptocurrency market activity on Pluang as of Oct 26, 2026 13:51 WIB. Out of 50 major cryptocurrencies, only 9 rose while 40 fell today. Notably, Basic Attention Token (BAT) dropped 5.79% to Rp2,662 with 84% of orders selling, contrasting with Zilliqa (ZIL) which fell 4.58% to Rp34 but saw 77% buy orders and a longer typical hold time of 134 days, compared to BAT's 93 days.

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