Stablecoin profile

RCHKD (HSBC) stablecoin

In short: RCHKD is a HKD-pegged stablecoin issued by HSBC (RedCoin). Token authorisation on record: Hong Kong (HKMA). Below: live peg deviation, peg history, issuer, licences and FAQ.

Issuer profile → HSBC (RedCoin)

Live peg

No live price for RCHKD in our free sources (CoinGecko, DefiLlama). Peg figures are omitted, not estimated.

Token legal status

RCHKDRegulator-confirmed token authorisation

(1) Entity licence / registration

The Hongkong and Shanghai Banking Corporation Limited

HKMA · Licensed stablecoin issuer · FRS02

Active · 10 Apr 2026 · Specific record (HKMA register) hkma.gov.hk ↗

(2) Authorisation to issue this token

Hong Kong (HKMA)

HKMA register of licensed stablecoin issuers: The Hongkong and Shanghai Banking Corporation Limited, licence FRS02 (granted 10 Apr 2026)

Specific record (register row) hkma.gov.hk ↗

(3) Applicable law

Hong Kong Stablecoins Ordinance (Cap. 656) ↗

Token legal status last checked: 11 Nov 2026

Issuer & legal entity

IssuerHSBC (RedCoin)

Legal entityThe Hongkong and Shanghai Banking Corporation Limited

HeadquartersHong Kong

Backing mechanismFiat-backed (HKD stablecoin, bank-issued)

Reserve mixHigh-quality, highly liquid segregated assets (per company)

CustodyHSBC Digital Assets Custody (per company)

RedemptionRedeemable 1:1 for HKD, subject to terms (per company)

Transparency Score (issuer)

Transparency Score

Insufficient data — newly added issuer, inputs under review · 75% of inputs available

Not legal advice; algorithmic assessment from public sources.

Our opinion based on public data as of 12 Nov 2026. Not a regulatory decision or a credit rating.

Issuer profile → HSBC (RedCoin)

Issuer licences, registrations & token status

Issuer-level records from the HSBC (RedCoin) profile; each row links to the official register or source.

Jurisdiction	Record	Status	Source
HK	Licensed stablecoin issuer, licence FRS02 (HSBC RedCoin, RCHKD) · HKMA	Authorized 10 Apr 2026	Verified

RCHKD peg history

Max deviation from the peg, time spent outside ±50 / ±100 bps and derived events per window. 24h: CoinGecko 5-minute prices; 7d, 30d, 90d: hourly; 1y: daily. Cached at build time.

Favourites	Coin	Peg	Trend	Max \|dev\|	Low	>±50 bps	>±100 bps	Events	Details
No coins for this filter.

Source: CoinGecko ↗, DefiLlama ↗ · market data cached 13 Nov 2026, 11:28 UTC. Aggregated prices can move on thin markets; a deviation here is not a confirmed depeg.

FAQ about RCHKD

What is RCHKD (HSBC)?

RCHKD is a stablecoin pegged to the Hong Kong dollar. Issuer: HSBC (RedCoin). Backing (as described in our data): Fiat-backed (HKD stablecoin, bank-issued).

Who issues RCHKD?

RCHKD is issued by The Hongkong and Shanghai Banking Corporation Limited. The issuer profile on StableRadar lists its licences with links to official registers.

Is RCHKD authorised under MiCA or another stablecoin regime?

A regulator-confirmed token authorisation is on record: Hong Kong (HKMA). Register record: HKMA register of licensed stablecoin issuers: The Hongkong and Shanghai Banking Corporation Limited, licence FRS02 (granted 10 Apr 2026). Applicable law noted: Hong Kong Stablecoins Ordinance (Cap. 656).

Is RCHKD safe?

StableRadar does not say whether a coin is safe and does not give investment advice. The Transparency Score for HSBC (RedCoin) is not computed: insufficient public data. The live peg deviation and the official register links are on this page.

How is RCHKD backed?

Model: Fiat-backed (HKD stablecoin, bank-issued). Reserve mix: High-quality, highly liquid segregated assets (per company).

Informational only: not legal, investment or compliance advice. Company statements are marked “per company”.

Live prices: 13 Nov 2026, 12:43 UTC · Issuer reference data reviewed: 26 Oct 2026 (later changes are dated on each row) · Sources: Issuer disclosures (HSBC (RedCoin)), CoinGecko · RCHKD