HSBC Lists HK$80.8 Million of RedCoin in Circulation as of Oct. 25
Photo: TokenPost
HSBC’s Hong Kong dollar stablecoin RedCoin (RCHKD) had HK$80,814,137.65 in circulation as of Oct. 25, while cash reserves exceeded circulation by HK$1 million, providing a new snapshot after its PayMe rollout. Reserve assets and cash reserves were both HK$81,814,137.65. The HK$1 million difference remains unexplained. The update follows an Oct. 24 RedCoin report . HSBC began rolling out RedCoin through PayMe on Oct. 23 for transfers between users and payments at more than 100,000 merchants.
Source: TokenPost
