RedCoin
HSBC rolls out its first HKD stablecoin RedCoin to retail users HSBC began rolling out RedCoin (RCHKD) through PayMe on Oct. 23 PayMe accepts RedCoin for payments PayMe supports the transfer of RedCoin from user to user and merchants RedCoin cannot be transferred between PayMe and HSBC HK App stablecoin wallets RedCoin enables HSBC to bring stablecoin payments into PayMe. HSBC backs RedCoin, fully backed by high‑quality liquid assets held in separate accounts. HSBC offers the RedCoin stablecoin. PayMe hosts the RedCoin stablecoin. RedCoin serves PayMe users· Entity summary generated by Graphiti
Relation timeline
BY VALID-FROM DATE- HSBCOFFERSRedCoin
HSBC offers the RedCoin stablecoin.
- RedCoinENABLEDHSBC
RedCoin enables HSBC to bring stablecoin payments into PayMe.
- HSBCBACKED BYRedCoin
HSBC backs RedCoin, fully backed by high‑quality liquid assets held in separate accounts.
- PayMeHOSTEDRedCoin
PayMe hosts the RedCoin stablecoin.
- RedCoinSERVESPayMe
RedCoin serves PayMe users
- HSBCROLLS OUTRedCoin
HSBC rolls out its first HKD stablecoin RedCoin to retail users
- PayMeSUPPORTS TRANSFER OFRedCoin
PayMe supports the transfer of RedCoin from user to user and merchants
- HSBCSTARTED ROLLING OUTRedCoin
HSBC began rolling out RedCoin (RCHKD) through PayMe on Oct. 23
- PayMeACCEPTSRedCoin
PayMe accepts RedCoin for payments
- RedCoinNOT TRANSFERABLE TORYR
RedCoin cannot be transferred between PayMe and HSBC HK App stablecoin wallets
Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.
Events 2
Source reports 4
- 3.3M users gain HSBC RedCoin, yet 1 strict rule blocks themCryptoSlate · 2026-10-24
- HSBC rolls out its first stablecoin to over 3 million everyday app usersCoinDesk · 2026-10-23
- HSBC launches Hong Kong dollar stablecoin for retail paymentsCointelegraph · 2026-10-23
- HSBC rolls out its first HKD stablecoin RedCoin to retail usersThe Block · 2026-10-23