The post Stablecoin JV by Animoca & Standard Chartered Boosts Solana, Ethereum & Bitcoin Cash appeared on BitcoinEthereumNews.com.

There’s a lot of excitement this week coming out of Hong Kong—and it’s not just about price action. Animoca Brands and Standard Chartered have officially teamed up with telecom giant HKT to launch Anchorpoint Financial, a stablecoin-focused joint venture that’s applying for a formal license under Hong Kong’s new digital asset regulations. This move could be a game-changer. The goal is to issue a fully regulated, fiat-backed stablecoin that’s KYC-compliant and backed by institutional firepower. If successful, it could reshape how stablecoins are used in the region—and that has traders looking again at top blockchain networks like Solana, Ethereum, Bitcoin Cash, and MAGACOIN FINANCE, all of which could see increased demand as stablecoin rails expand. What This Means for Solana, Ethereum, and Bitcoin Cash Solana (SOL) has been one of the biggest beneficiaries of stablecoin expansion. With fast, cheap transactions, it’s a natural fit for institutions looking to move money efficiently. SOL is currently testing resistance near $180, and analysts think a breakout could push it toward $200 or beyond, especially with Visa already expanding USDC settlement on the network. Ethereum (ETH) is also riding a wave of momentum. After pushing above $4,000, it’s enjoying strong ETF inflows and renewed confidence in its role as the backbone of DeFi and stablecoin settlement. If Ethereum continues to attract institutional support, some projections suggest it could touch $5,000 or even higher by year-end. Bitcoin Cash (BCH) is quietly gaining too, trading near $576 as it heads into a key network upgrade. Analysts say that if BCH can break past $590, we could see a run toward the $640–$650 range. Easier access to regulated stablecoins might also help BCH regain utility in payments. Institutional Players Turn to MAGACOIN FINANCE As institutional players build new crypto infrastructure, retail investors are hunting for early opportunities—and…

---

Filed under: News - @ August 9, 2025 8:22 pm