This is a bit more confusing because this is a shorthand notation: you’d actually need 2 hexadecimal characters for 2 bytes (eg #0077ff would be rbg(0, 127, 255)). In this shorthand notation, I think there’s an implied 0 (eg #07f is #0070f0).
So you can’t represent all rgb colour with only 3 characters, but for this use-case it’s fine.
In css you can use either of these 3 notations, for example