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HSBC Launches First Stablecoin RedCoin for 3.3 Million PayMe Users

calendar_today October 23, 2026 person Bartek domain coinpaprika

HSBC launched RedCoin, its first stablecoin, on 23 October 2026, making it available to more than 3.3 million PayMe users in Hong Kong. The Hong Kong dollar token supports peer-to-peer transfers and payments at over 100,000 merchants.

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