Eligible users can activate RedCoin wallets for payments as access expands over coming days, while investment subscriptions remain planned for later in 2026. Read the full story on...
HSBC launches its Hong Kong dollar-backed RedCoin stablecoin for 3.3 million PayMe users, with tokenized investment services planned by year-end.
HSBC's RedCoin, a Hong Kong dollar stablecoin, went live on PayMe for more than 3.3 million users, with payments at over 100,000 merchants.
HSBC is rolling out RedCoin wallets to PayMe users, with plans to support tokenized investment subscriptions and expand into institutional uses.
HSBC and Standard Chartered-led Anchorpoint received Hong Kong’s first stablecoin issuer licenses in April. Anchorpoint began rolling out HKDAP in August.
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