Animoca and Standard Chartered Stablecoin JV — Boost for XRP, Solana, Avalanche, and MAGACOIN FINANCE

In a major move for Asia’s evolving crypto landscape, Animoca Brands, Standard Chartered Hong Kong, and telecom provider HKT have joined forces to launch Anchorpoint Financial.

The joint venture will apply for a stablecoin issuer license under Hong Kong’s new regulatory framework, which came into effect on August 1, 2025. The goal: to issue a fully regulated, fiat-backed Hong Kong dollar (HKD) stablecoin—one of the first of its kind in the region.

If approved, Anchorpoint’s offering could reshape how stablecoins are used in cross-border finance and decentralized applications. The project is expected to influence liquidity across top-tier blockchains like XRP, Solana, and Avalanche—and increasingly, up-and-coming community-driven ecosystems like MAGACOIN FINANCE.