Defi
HSBC’s RedCoin stablecoin launch targets 3.3 million eligible PayMe users
The Cryptonomist·October 23, 2026·1 min read
HSBC launched RedCoin, a Hong Kong dollar-backed stablecoin, on October 23, 2026, targeting over 3.3 million PayMe users. The phased rollout begins with transfers and merchant payments within HSBC's apps, with tokenised investment funds planned by year-end. RedCoin is not available on crypto exchanges.
Read at The CryptonomistDaily crypto arcade
Read the news, then play it.
Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.