HSBC has released its stablecoin. The dollar in the name of the currency here is Hong Kong On October 23, HSBC announced the launch of RedCoin with the symbol RCHKD. This is a stablecoin in Hong Kong dollars, which the bank has begun to open access to through the PayMe application. According to HSBC, the issue is authorized by the Hong Kong Monetary Authority. We are interested in presenting the product itself. The user is offered to activate the wallet within the already familiar application. To get to know a new form of money, you don't need to start with a separate new crypto service. But the user-friendly interface easily hides important differences. RCHKD is related to HKD, so one such token cannot be considered equivalent to one US dollar, even though it is called a stablecoin. The next step has just been announced. Before the end of the year, HSBC plans to add a wallet to its Hong Kong banking app and access to token investment products through RedCoin. Launching a coin and starting these opportunities are different events. For the Russian reader, this is primarily an example of how banks integrate digital assets into familiar services. The release itself does not confirm access to the Russian Federation, we await further details.