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HSBC said that the Hong Kong dollar retail stablecoin RedCoin attracted approximately 1 users in more than 50000 weeks since launch and plans to expand to several million users. Merchant payment and wallet top-up functions have launched and will subsequently cover more HSBC and Hang Seng customers.
Anchorpoint’s CEO said the company will not rush to launch a Hong Kong dollar stablecoin for retail users and has not confirmed a specific launch date.
According to BlockBeats, citing the South China Morning Post, HSBC plans to roll out its HKD stablecoin to more than October 23 PayMe users in phases from 3300000; initial functions include transfers and merchant payments.
PA The Daily Brief roundup says Robinhood plans to launch AI agents, crypto perpetual contracts, and weekend US stock trading; the HSBC stablecoin is planned to be named HSBC RedCoin，Binance Pay will expand payments in Japan, and the Balancer wind-down proposal has been approved.
China Asset Management (Hong Kong) said that it and Standard Chartered Bank and others completed Hong Kong's first digital-asset investment use case using HKDAP, exploring coordination between Hong Kong dollar stablecoins and digital financial assets within a regulatory framework.