HSBC names Hong Kong stablecoin HSBC RedCoin

September 30, 2026

HSBC has named its Hong Kong stablecoin HSBC RedCoin, launching initially for peer-to-peer and merchant payments before expanding to corporate and institutional use cases. No launch date, issuance details or technical specifications were disclosed in the announcement.

Sources

NEW: @HSBC names its Hong Kong stablecoin HSBC RedCoin, launching initially for peer-to-peer and merchant payments before expanding to corporate and institutional use cases. https://t.co/p5tyXdTMYMx.com ↗

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HSBC names Hong Kong stablecoin HSBC RedCoin — Outposts