Topic Archive

#PayMe

2 Stories Found

Coins•Oct 23, 2026

3.3 Million Users Gain HSBC RedCoin, but 1 Strict Rule Blocks Access

Key Highlights: HSBC has introduced RedCoin, a proprietary Hong Kong dollar-pegged stablecoin, natively integrated into its PayMe digital wallet. RedCoin runs on HSBC’s internal distributed ledger network, is fully backed 1:1 by segregated liquid assets, and can be used directly at any merchant accepting PayMe. HSBC HK Mobile Banking App integration is planned for later ...

4 min readRead

Coins•Sep 30, 2026

HSBC Names Its Hong Kong Dollar Stablecoin ‘HSBC RedCoin’

Key Highlights HSBC has named its forthcoming Hong Kong dollar stablecoin HSBC RedCoin. The stablecoin is planned to launch before the end of the year through PayMe and the HSBC HK Mobile App. Initial use cases will focus on person-to-person transfers and person-to-merchant payments before potential expansion to corporate and institutional applications. HSBC Names Hong ...

2 min readRead