HSBC's RedCoin Stablecoin Debuts on PayMe With Plans to Reach Mobile Banking Users by End of 2026
HSBC has launched its Hong Kong dollar-backed stablecoin, RedCoin, for more than 3.3 million PayMe users, supporting transfers between individuals and payments at over 100,000 merchants. The bank plans to add RedCoin to its mobile banking app by the end of 2026 and allow customers to invest in tokenised money-market funds, as Hong Kong expands its regulated stablecoin market.
Anais





