# RCHKD (HSBC): Live Peg, Issuer & Licences

> RCHKD (HSBC) stablecoin: live HKD peg deviation in bps, depeg history, issuer HSBC (RedCoin), licences linked to official registers, reserves and FAQ.

Canonical: https://stableradar.com/coin/rchkd
Generated: 2026-11-13T12:44:07.709Z (live figures are a snapshot at build time; see the canonical page for current values)

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)](https://stableradar.com/issuer/hsbc)

Live peg

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

### Token legal status
RCHKD

Regulator-confirmed token authorisation

(1) Entity licence / registration

The Hongkong and Shanghai Banking Corporation Limited

HKMA · Licensed stablecoin issuer · FRS02

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)

hkma.gov.hk ↗

(3) Applicable law

Hong Kong Stablecoins Ordinance (Cap. 656) ↗

Token legal status last checked: 11 Nov 2026

### Issuer & legal entity
- Issuer **HSBC (RedCoin)**

- Legal entity The Hongkong and Shanghai Banking Corporation Limited

- Headquarters Hong Kong

- Backing mechanism Fiat-backed (HKD stablecoin, bank-issued)

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

- Custody HSBC Digital Assets Custody (per company)

- Redemption Redeemable 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)](https://stableradar.com/issuer/hsbc)

### 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 | Authorized10 Apr 2026 | [Verified](https://www.hkma.gov.hk/eng/regulatory-resources/registers/register-of-licensed-stablecoin-issuers/) |

### 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 ↗](https://www.coingecko.com/), [DefiLlama ↗](https://defillama.com/stablecoins) · 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).

### Related pages
Issuer profile → HSBC (RedCoin)

Stablecoin laws by country

News & depeg incidents

Live peg monitor

All stablecoins

Issuer ranking

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))](https://www.hsbc.com.hk/stablecoins/), [CoinGecko · RCHKD](https://www.coingecko.com/en/coins/rchkd-hsbc)

Data: [DefiLlama](https://defillama.com/) · Powered by [CoinGecko](https://www.coingecko.com/)