Stablecoin News: HSBC RedCoin Starts Rollout to 3.3M PayMe Users

Key Insights Stablecoin news focused on HSBC’s RedCoin launch for 3.3 million PayMe users in Hong Kong. HSBC introduced its regulated HKD stablecoin for transfers and payments across more than 100,000 merchants. HSBC plans to expand RedCoin into tokenized investments and mobile banking services later in 2026. Stablecoin news from Hong Kong centered on HSBC’s RedCoin launch on Oct. 23, 2026. The bank introduced its Hong Kong dollar-backed token through PayMe, targeting 3.3 million users and everyday payments. HSBC said customers would activate RedCoin wallets inside PayMe over the coming days. The announcement covered transfers between individuals and payments through a merchant network exceeding 100,000 businesses. Stablecoin News: HSBC Brings RedCoin Payments to PayMe The latest stablecoin news included HSBC’s confirmation of RCHKD as RedCoin’s ticker on Oct. 23.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Coin Republic.