Asia & Korea
HSBC puts a stablecoin in front of 3.3 million users
HSBC's HKMA-licensed RedCoin went live on PayMe, payable at 100,000+ merchants. The bank plans to let customers subscribe to a tokenized share class of its HKD money market fund with it.
Sources
The Migration by Concrete tracks traditional finance moving on-chain, reading every token directly from public blockchains. See all our counts.
Every fact in this story matches the wording of a linked source. Corrections: [email protected].