HSBC launched its Hong Kong dollar-backed stablecoin, RedCoin, on October 23, 2026, within its PayMe app and quickly signed up 50,000 users in just over a week. RedCoin allows peer-to-peer transfers and payments at over 100,000 merchants in the PayMe ecosystem, operating on a private blockchain controlled by HSBC. This launch follows HSBC receiving one of only two stablecoin issuer licenses granted by the Hong Kong Monetary Authority, marking a significant step in regulated retail stablecoins. Key next steps include independent reserve audits after Q4 2026 and potential expansion of use cases and licenses.
HSBC's RedCoin stablecoin has attracted 50,000 users shortly after its launch. For readers following the cryptocurrency market, here is Pluang's market snapshot as of Nov 02, 2026 15:21 WIB: out of 50 major cryptocurrencies, 9 rose and 40 fell today. Notable movers include BAT at Rp2.396 with a 1-day change of -5.75%, EGLD at Rp59.982 down 4.97%, and LINK at Rp205.617 down 4.20%.
LYVA, a premium intelligent mobility brand under LUYUAN Group, will make its European debut at the EICMA 2026 in Milan, showcasing five electric mobility prototypes including an electric cargo bike and an electric scooter licensed from BMW. These pro...
Bavarian Nordic A/S has completed the first phase of its share buyback program, repurchasing shares worth approximately DKK 250 million as planned. This is part of a larger buyback plan totaling up to DKK 750 million. The company now holds 4,664,037 ...
Bavarian Nordic has completed the first tranche of its share buy-back program, purchasing shares worth approximately DKK 250 million as planned. This is part of a larger program aiming to buy back up to DKK 750 million in total. The company now holds...
Admiral Group Plc announced that as of October 30, 2026, its total issued share capital consists of 305,254,676 ordinary shares, each with one voting right, totaling the same number of voting rights. There are no treasury shares held by the company. ...
Juniper Research forecasts the global Communications Platform as a Service (CPaaS) market will more than double from $21 billion in 2026 to over $50 billion by 2031. Growth is driven by rising use of conversational AI, authentication, and new messagi...
