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HSBC Unveils RedCoin Stablecoin, Plans HK$100 Tokenised Fund Investments

HSBC Unveils RedCoin Stablecoin, Plans HK$100 Tokenised Fund Investments

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HSBC is gradually introducing its Hong Kong dollar-pegged RedCoin stablecoin to more than 3.3 million PayMe users, enabling peer-to-peer transfers and payments at supported merchants. The bank plans to integrate RedCoin into its mobile banking app by the end of 2026, allowing customers to access…

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