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

A new joint venture between Animoca Brands, Standard Chartered, and telecom provider HKT has been launched, aiming to accelerate the adoption of stablecoins in Asia’s DeFi ecosystem. The Anchorpoint Financial project will focus on issuing a fully regulated HKD (Hong Kong Dollar) stablecoin under Hong Kong’s new regulatory framework, expected to launch upon approval. This move is poised to significantly impact XRP, Solana, and Avalanche while also potentially influencing emerging projects like MAGACOIN FINANCE.