HSBC launches the Hong Kong dollar stablecoin RedCoin on PayMe
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AI-assisted source synthesis · not an independent investigation.
On October 23, 2026, Fintech News Hong Kong reported that HSBC had launched HSBC RedCoin on the PayMe mobile payment app in Hong Kong. This is a Hong Kong dollar-denominated stablecoin, with the ticker RCHKD. HSBC said that the stablecoin was issued under the Hong Kong Monetary Authority (HKMA)'s stablecoin issuer license. The report's headline also stated that HSBC plans to expand the scope of RedCoin's applications, but did not specify which scenarios it would be expanded to, when this would be implemented, or the specific arrangements. Existing reports did not provide further details on the issuance size, user usage, or subsequent application plans.
AI-written from reports · updated 5 hours ago
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- Fintech News Hong KongSelectedHSBC launches HKD stablecoin RedCoin on PayMe and plans to expand its applications
HSBC has launched the HKD-denominated stablecoin HSBC RedCoin, with the ticker RCHKD, on its Hong Kong mobile payment app PayMe, saying it was issued under HKMA’s stablecoin issuer license.
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