Ethereum News Today: Animoca and Standard Chartered Stablecoin Venture Sparks Bullish Momentum for Solana Ethereum and Bitcoin Cash

Animoca Brands, in partnership with Standard Chartered and HKT, has launched Anchorpoint Financial, a stablecoin-focused joint venture under Hong Kong’s evolving digital asset regulatory framework. This initiative aims to introduce a fiat-backed, KYC-compliant stablecoin designed for institutional use, potentially reshaping the role of stablecoins in the region [1]. The partnership brings together Animoca’s expertise in blockchain innovation, Standard Chartered’s global financial infrastructure, and HKT’s telecom capabilities, signaling a growing institutional commitment to the crypto space [1].

The potential success of Anchorpoint Financial has sparked renewed interest in blockchain platforms capable of supporting large-scale stablecoin transactions. Solana (SOL), Ethereum (ETH), and Bitcoin Cash (BCH) are being closely watched for their ability to facilitate fast and cost-effective stablecoin settlement. Solana, in particular, has demonstrated robust performance with Visa’s integration of USDC for settlement, and it is currently testing key resistance levels. Analysts suggest a potential breakout could push the price toward $200 or beyond [1].

Ethereum, meanwhile, continues to benefit from strong ETF inflows and its foundational role in decentralized finance (DeFi). With the price pushing above $4,000, the network’s institutional appeal is growing, and some projections suggest it could reach $5,000 or higher by the end of the year [1]. Bitcoin Cash is also showing signs of momentum, trading near $576 as it approaches a significant network upgrade. A break above $590 could lead to a move toward the $640–$650 range, with regulated stablecoins potentially enhancing BCH’s utility in payments [1].

The broader institutional interest in stablecoin infrastructure has also drawn attention to emerging blockchain projects. One such project, MAGACOIN FINANCE, is being highlighted for its early-stage potential and infrastructure capabilities. While not central to the Anchorpoint venture, it is being discussed in crypto circles as a presale opportunity, with analysts pointing to its unique value proposition and early price positioning as factors that could drive investor interest [1].

The Anchorpoint Financial initiative represents a strategic move in the ongoing development of crypto infrastructure. By integrating regulated stablecoins into well-established blockchain networks, the venture highlights the potential for institutional-grade solutions to expand adoption and utility in the crypto ecosystem. As the market continues to evolve, projects that align with these institutional trends may see increased demand, particularly those offering scalable and secure transaction rails [1].

Source: [1] Animoca & Standard Chartered Stablecoin Venture Spurs Bullish Sentiment for Solana, Ethereum, and Bitcoin Cash (https://coinmarketcap.com/community/articles/6897ad61a7ac575fa3f7185e/)