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HSBC launches Hong Kong dollar stablecoin RedCoin, supported for use via PayMe

Odaily: According to market news, HSBC has launched the Hong Kong dollar stablecoin RedCoin, which will be available via PayMe starting today.

In the coming days, users will be able to open a stablecoin wallet within the PayMe app for person-to-person (P2P) transfers and person-to-merchant payments.