According to CoinMeta, HSBC announced that it will launch its stablecoin HSBC RedCoin in Hong Kong, planning to adopt a phased approach. In the initial stage, the focus will be on person-to-person (P2P) transfers and person-to-business (P2B) payments, before expanding to enterprise and institutional-level applications. At the same time, HSBC conducted a survey among over 1,000 Hong Kong customers, which revealed that 74% of respondents could identify at least one use case for stablecoins. Among these, digital asset trading and tokenized investments accounted for 57%, P2P transfers accounted for 53%, and cross-border remittances and business payments each accounted for 52%.