Defi
HSBC Launches First Stablecoin, Bringing Hong Kong Dollar Payments to 3.3M Users
Bitcoin.com News·October 23, 2026·1 min read
HSBC has launched its first stablecoin, a Hong Kong dollar-backed digital currency called HSBC RedCoin (RCHKD), through its PayMe mobile payments platform. This move brings blockchain-based payments to over 3.3 million users, marking a significant step toward mainstream adoption of stablecoins in Hong Kong.
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