Defi
HSBC Rolls Out HKD RedCoin Stablecoin to 3.3M PayMe Users Starting Today
CoinGape·October 23, 2026·1 min read
HSBC launched its HKD RedCoin stablecoin to over 3.3 million PayMe users in Hong Kong on October 23, 2026. This is the first retail rollout of a licensed bank-issued stablecoin under the city's Stablecoins Ordinance. Users update the PayMe app and activate a RedCoin wallet without extra account opening.
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