AnchorX Fintech, led by Standard Chartered, has minted a stablecoin on a public blockchain and completed an on-chain transfer test, according to a person related to Standard Chartered cited by Odaily. The company is expected to release more detailed issuance plans in August. Those details are set to include its cooperation arrangements with distributors. The update adds to the company’s progress after it received one of the Hong Kong Monetary Authority’s first batch of stablecoin issuer licenses in April this year. No further issuance terms, timeline beyond August, or distributor names were disclosed in the brief update. The report focused on two concrete developments: the minting and transfer test on a public blockchain, and the company’s plan to outline how distribution will be arranged. The licensing note provides the regulatory context for the latest test, but the report did not specify the blockchain used or the amount of stablecoins minted.
AnchorX Fintech, led by Standard Chartered, has minted a stablecoin on a public blockchain and completed an on-chain transfer test, according to a person related to Standard Chartered cited by Odaily.
The company is expected to announce detailed issuance plans in August, including cooperation arrangements with distributors. AnchorX Fintech received one of the Hong Kong Monetary Authority’s first batch of stablecoin issuer licenses in April this year.
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