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| HSI1 | 24,613.27 | +89.70 | 187.16B |
| HSCEI1 | 8,220.08 | +41.27 | 61.85B |
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HSBC to Launch Stablecoin 'HSBC RedCoin', Initially Focusing on P2P and P2M Payments
2026-09-30 16:07:43 HSBC officially named its upcoming stablecoin "HSBC RedCoin". In the initial phase, it will focus on person-to-person (P2P) and person-to-merchant (P2M) payments, starting with direct and everyday use cases before later expanding into commercial banking and corporate applications. Local consumers are ready for the launch of stablecoins, results from an HSBC survey revealed. Among respondents, 74% had paid attention to at least one stablecoin use case, with "digital asset trading and tokenized investment" (57%) receiving the highest level of attention, followed by "person-to-person payments" (53%), "cross-border payments" (52%), and "merchant payments" (52%). ~ AASTOCKS Financial News Website: www.aastocks.com | |