HSBC Launches Hong Kong Dollar Stablecoin for Everyday Payments

HSBC has launched its first stablecoin, HSBC RedCoin (RCHKD), in Hong Kong, saying in a Friday (Oct. 23) press release that it is built for everyday payments and transactions. HSBC RedCoin is licensed and regulated by the Hong Kong Monetary Authority (HKMA), is Hong Kong dollar (HKD) denominated and became available on the bank’s digital wallet, PayMe, on Friday, according to the […] The post HSBC Launches Hong Kong Dollar Stablecoin for Everyday Payments appeared first on PYMNTS.com .