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Wire · operational-macro

HSBC launches first stablecoin

23 October 2026 · By · Wire by Fusion42

Published

23 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

Hong Kong

◆ Source

Read at finextra.com →

◆ Verified

Fusion42 · 24 October 2026 · Fusion42 review

HSBC has launched its first stablecoin, RedCoin, available through its PayMe channel in Hong Kong. It is HKD denominated and regulated by the Hong Kong Monetary Authority, with plans to extend stablecoin functionality and tokenised investments on HSBC's app.

This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.

◆ ◆ The Wire takeaway

You can now tap into HSBC's trusted stablecoin platform in Hong Kong to expand your digital payments and tokenised asset offerings. This launch opens doors for you to join the market early under HKMA regulation before wider corporate use cases roll out.

◆ Coverage

2 sources · 23 Oct 2026

◆ Related on Wire

◆ Topics

Fintechstablecoindigital-currencyhong-konghsbcpayment-platform