HSBC launches its first Hong Kong-dollar stablecoin: RedCoin
HSBC officially announced the launch of RedCoin on October 23, 2026. The story remains highly relevant today because it shows a major traditional bank bringing a regulated digital currency to everyday payments through its PayMe app. The bank says more than 3.3 million PayMe users will be able to activate wallets, with payments supported at over 100,000 merchants.
HSBC officially announced the launch of RedCoin on October 23, 2026. The story remains highly relevant today because it shows a major traditional bank bringing a regulated digital currency to everyday payments through its PayMe app. The bank says more than 3.3 million PayMe users will be able to activate wallets, with payments supported at over 100,000 merchants.
