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RegulationSource: CoinGape ·

HSBC Rolls Out HKD RedCoin Stablecoin to 3.3M PayMe Users Starting Today

HSBC RedCoin has officially launched for more than 3.3 million PayMe users in Hong Kong, marking the first retail rollout of a licensed bank-issued stablecoin under the city’s Stablecoins Ordinance framework. The phased launch began on October 23, 2026.

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