HSBC Names New Hong Kong Stablecoin ‘RedCoin’ as Launch Nears

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HSBC, Hong Kong’s largest bank, has named its upcoming Hong Kong dollar-backed stablecoin HSBC RedCoin, marking a major step into digital payments.  The bank plans to launch the stablecoin before the end of 2026, starting with everyday transfers and merchant payments before expanding into corporate and institutional use. HSBC RedCoin to Start With Retail Payments …