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HSBC launches RedCoin stablecoin for PayMe users

NewsFeeds update

HSBC has launched a stablecoin, RedCoin, which more than 3.3 million PayMe users can use to pay 100,000 merchants by the weekend. HSBC Hong Kong CEO Maggie Ng said money, assets and information are moving from traditional infrastructure to always-on, data-rich and increasingly programmable digital networks.

StablecoinsOdailyAIBullish

Read the original on Odaily

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Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.