HSBC Hong Kong’s RedCoin stablecoin took off in its first week, surpassing 50,000 users with nearly 90 million in circulation. This is real money flowing in, and they’re also planning tokenized investments.
A bank’s entry into the market is the biggest moat in itself, with extremely low compliance risk. Although the scale may not look that big right now, getting started with 50,000 users is a strong start. For traditional finance players looking to go on-chain, this is a real ticket of entry.
#RedCoin #稳定币 #Web3
A bank’s entry into the market is the biggest moat in itself, with extremely low compliance risk. Although the scale may not look that big right now, getting started with 50,000 users is a strong start. For traditional finance players looking to go on-chain, this is a real ticket of entry.
#RedCoin #稳定币 #Web3
