Skip to content- BusinessHSBC Names Stablecoin 'HSBC RedCoin' for PayMe Users in Hong KongHSBC has announced its stablecoin, named HSBC RedCoin, which is planned for release to over 3.3 million PayMe app users. The bank indicated that the stablecoin is anticipated to launch before the year concludes and will initially be accessible via PayMe and the HSBC Hong Kong mobile banking application.1 min