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Wire · operational-macro

HSBC unveils RedCoin as name of its Hong Kong stablecoin for 3.3 million PayMe users

30 September 2026 · By · Wire by Fusion42

Published

30 September 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

Hong Kong

◆ Source

Read at scmp.com →

◆ Verified

Fusion42 · 30 September 2026 · Fusion42 review

HSBC has named its Hong Kong stablecoin offering RedCoin, enabling access for over 3.3 million PayMe app users for transactions such as money transfers, shopping, and dining.

This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 30 Sep 2026 and 2 Oct 2026.

◆ ◆ The Wire takeaway

HSBC’s RedCoin will activate a large existing user base on PayMe, shifting local digital payment habits and opening paths to integrate stablecoin into everyday transactions fast.

◆ Coverage

2 sources · first reported 30 Sep 2026 · latest 2 Oct 2026

◆ Related on Wire

◆ Topics

Fintechstablecoinfintechpaymentshong-konghsbc