Hong Kong2026.10.25BlockTempo

HSBC's RedCoin Stablecoin Surpasses HK$80 Million in Circulation Two Days After Launch

• HSBC RedCoin's circulating supply reached HK$80.81 million (about US$10.3 million) just two days after launch.
• Reserves backing the stablecoin are held entirely in cash.
• Users can already spend RedCoin at more than 100,000 merchants and send it via peer-to-peer (P2P) transfers.