# HSBC rolls out its first stablecoin to more than 3 million app users

https://mins.news/en/item/112498

- CoinDesk, 2026-10-23 10:22 UTC
- Economy
- Original: https://www.coindesk.com/business/2026/10/23/hsbc-rolls-out-its-first-stablecoin-to-over-3-million-everyday-app-users

> HSBC has begun rolling out its first stablecoin to more than 3 million everyday app users. Anchorpoint, led by HSBC and Standard Chartered, received Hong Kong’s first stablecoin issuer licenses in April and began rolling out HKDAP in August.

## Related coverage

- [Standard Chartered-led Anchorpoint plans retail stablecoin after HSBC RedCoin launch](https://mins.news/en/item/115086) — South China Morning Post, 2026-10-25
- [HSBC rolls out its first HKD stablecoin, RedCoin, to retail users](https://mins.news/en/item/112113) — The Block, 2026-10-23