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HSBC RedCoin Hits 50,000 Users in First Week After Hong Kong Launch

HSBC RedCoin Hits 50,000 Users in First Week After Hong Kong Launch

Photo: Pixabay (illustration)

The HSBC RedCoin stablecoin has signed up 50,000 users in just over a week. Group CEO Georges Elhedery disclosed the figure on Monday at Hong Kong FinTech Week. The South China Morning Post reported his remarks. Merchant payments and wallet top-ups are already live on PayMe. That is the plain read. A bank-issued HKD token sat inside an app people already use. It moved from launch to a five-figure user count in days, not months.

Source: Live Bitcoin News

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