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HSBC has launched its Hong Kong dollar stablecoin RedCoin.

PANews October 23 news: HSBC Hong Kong has launched its HKD stablecoin "RedCoin," available via PayMe starting today. Within the next few days, users will be able to open a stablecoin wallet within the app for person-to-person (P2P) and person-to-merchant (P2M) payments.

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