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HSBC's RedCoin Retail Stablecoin Attracts 50,000 Users in First Week
HSBC Group CEO Georges Elhedery revealed at Hong Kong FinTech Week that the bank's retail stablecoin, RedCoin, has attracted 50,000 users since its launch over a week ago. He attributed this rapid growth to the "comfortable" regulatory environment provided by the HKMA.
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