On the 30th, HSBC Hong Kong announced that it has decided to name its Hong Kong dollar-pegged stablecoin 'HSBC RedCoin.' The bank plans to launch it in late 2026 through the payment app 'PayMe' and its Hong Kong mobile banking app.
The issuance is based on the stablecoin issuance license granted by the Hong Kong Monetary Authority (HKMA) in April. In Hong Kong, stablecoin regulations are set to be...
