HSBC Launches RedCoin, Its First Hong Kong Dollar Stablecoin, on PayMe

TLDR HSBC has launched RedCoin, its first stablecoin tied to the Hong Kong dollar, for retail users on PayMe. PayMe users will be able to activate an in-app stablecoin wallet in the coming days. The wallet will support peer-to-peer transfers and payments to more than 100,000 merchants. HSBC plans more products and an expansion into [...]

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