HSBC Launches RedCoin, a Hong Kong Dollar Stablecoin, on PayMe
HSBC has switched on RedCoin, a stablecoin pegged to the Hong Kong dollar, for users of its PayMe payments app. More than 3.3 million PayMe users can activate RedCoin wallets in the coming da
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AnonymousCryptoCompass newsroom
October 25, 2026
1 min read
NEWS
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HSBC has switched on RedCoin, a stablecoin pegged to the Hong Kong dollar, for users of its PayMe payments app.
More than 3.3 million PayMe users can activate RedCoin wallets in the coming days, according to HSBC. Each RedCoin, which carries the ticker RCHKD, is designed to be worth one Hong Kong dollar.
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