CryptoCoinDesk41 minutes ago
HSBC launches stablecoin for 3.3 million users
2 min read
HSBC debuted RedCoin, its first stablecoin, on the PayMe app for over 3.3 million users. The token, ticker RCHKD, allows payments at 100,000 merchants. HSBC plans to add a wallet later this year and tokenized investments. This follows Hong Kong's first stablecoin licenses granted in April to HSBC and Anchorpoint.
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