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JUST IN: HSBC has launched its first stablecoin, HSBC RedCoin, in Hong Kong

10-28-2026 • Linkedin

The stablecoin is pegged 1:1 to the Hong Kong dollar (HKD). It will let PayMe users send money to friends and family and pay at over 100,000 merchants.

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JUST IN: HSBC has launched its first stablecoin, HSBC RedCoin, in Hong Kong

FreedomsPhoenix.com