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HSBC RedCoin stablecoin launch

Story timeline · 2 updates, 22 Oct to 2 Nov 2026

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

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.