Defi
HSBC rolls out its first HKD stablecoin RedCoin to retail users
The Block·October 23, 2026·1 min read
HSBC is rolling out its first HKD stablecoin, RedCoin, to retail users. PayMe users will be able to activate a stablecoin wallet in-app in the coming days, enabling peer-to-peer and peer-to-merchant payments. This marks a major step for traditional banking in the stablecoin space.
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