[HSBC Discloses RedCoin's Circulating Face Value at HK$87.75 Million, Reserve Assets at HK$88.75 Million] As of November 2nd, HSBC disclosed that the circulating face value of its Hong Kong dollar stablecoin RedCoin is approximately HK$87.75 million, and its reserve assets are valued at approximately HK$88.75 million, all in cash. RedCoin's circulating face value increased by approximately HK$6.75 million in the past 7 days. Users can currently use RedCoin for personal transfers and merchant payments via PayMe. HSBC plans to support the use of RedCoin to subscribe to tokenized investment products through its Hong Kong mobile banking application in the future.