HSBC issued Redcoin, a Hong Kong dollar-pegged stablecoin that entered the retail market through the PayMe mobile payment platform for 3.3 million users

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Using crypto and stablecoins to pay for things, from payment cards and merchant checkout to payroll, remittances and cross-border settlement.