It's not the exchange issuing stablecoins, it's the bank stuffing stablecoins into the phones of 3.3 million people ⬇️ HSBC's Hong Kong dollar stablecoin HSBC RedCoin will be gradually opened on PayMe starting today PayMe has over 3.3 million users, and updating the app allows you to open a wallet without the need for a separate account or a minimum balance In the first stage, we only do two things: transfer money to a friend and pay the merchant More than 100000 merchants are able to accept PayMe Within the year, HSBC Hong Kong Mobile Banking App will also add a stablecoin wallet, which allows users to subscribe to tokenized Hong Kong dollar money funds using RedCoin. According to Hong Kong media reports, the threshold is HKD 100 Around the same time, JPMorgan Chase placed two tokenized money market funds in Solana, with an initial investment of $1 million Wall Street serves on chain institutions, HSBC serves on chain neighbors