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HSBC says HKD stablecoin RedCoin draws about 50,000 users in first week

NewsFeeds update

HSBC chief executive Georges Elhedery said the Hong Kong dollar retail stablecoin RedCoin has attracted about 50,000 users in its first week and aims to reach millions. RedCoin, one of only two licensed stablecoins in Hong Kong, opened to more than 3.3m PayMe users from October.

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The story so far: HSBC RedCoin stablecoin launch

HSBC launched RedCoin, a Hong Kong dollar stablecoin available to more than 3.3 million PayMe users for payments at 100,000 merchants. HSBC CEO Georges Elhedery said RedCoin drew about 50,000 users in its first week and aims to reach millions.

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  1. HSBC launches RedCoin stablecoin for PayMe users

  2. HSBC says HKD stablecoin RedCoin draws about 50,000 users in first week

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