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HSBC picks RedCoin for Hong Kong stablecoin after survey
HSBC has chosen the name RedCoin for its Hong Kong stablecoin following a survey, according to IT Brief Asia.
Key takeaways
- HSBC has selected the name RedCoin.
- The name is for its Hong Kong stablecoin.
- The naming followed a survey, according to IT Brief Asia.
A survey preceded HSBC’s choice of RedCoin as the name for its Hong Kong stablecoin, according to IT Brief Asia.
The naming decision concerns a stablecoin—a type of digital token designed to maintain a steady value. IT Brief Asia identifies RedCoin as the name selected by HSBC.
Sources
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