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71 Greed

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Stablecoins Neutral

HSBC names RedCoin as its planned Hong Kong dollar stablecoin

HSBC has named its planned Hong Kong dollar stablecoin RedCoin. The bank plans a launch in Hong Kong, with payments in focus.

  • HSBC named RedCoin as the official name of its planned Hong Kong dollar stablecoin.
  • 74% of surveyed customers recognized at least one stablecoin use case.
  • 60% correctly identified stablecoins as fiat-backed digital assets, 26% said they were government-issued.
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