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HSBC RedCoin stablecoin launches for 3.3 million PayMe users in Hong Kong
South China Morning Post
October 22, 2026
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HSBC will launch its Hong Kong dollar-backed stablecoin in stages from Friday for more than 3.3 million users of its PayMe app, as the bank pushes to bring digital currencies into the city’s mainstream retail and investment markets. HSBC RedCoin, available only through PayMe and the bank’s Hong Kong
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