Crypto
HSBC Hong Kong to launch Hong Kong dollar-linked stablecoin HSBC RedCoin
HSBC Hong Kong will launch a Hong Kong dollar-linked stablecoin, HSBC RedCoin, in the second half of 2026, CoinPost reported. The initial channels will be the PayMe payments app and the bank’s Hong Kong mobile banking app. The bank will first apply the coin to person-to-person transfers and merchant payments, then expand to wholesale finance for corporates and institutions. The issuance follows a stablecoin licence granted in April.
