Assets · Stablecoin · issued by HSBC
HSBC RedCoin (RCHKD)New
Hong Kong dollar stablecoin of The Hongkong and Shanghai Banking Corporation under HKMA licence FRS02, backed by segregated high-quality liquid assets and redeemable 1:1 for HKD. Launched on PayMe on 23 October 2026; no contract published.
Issued through HSBC RedCoin Hong Kong dollar stablecoin Live (limited)
Classification · medium confidence
- Legal form
- Stablecoin from regulator register
- Underlying
- Undisclosed · Undisclosed
- Value behaviour
- Stable value · no income
- Ledger role
- Native
- Legal labels
- licensed stablecoin (Stablecoins Ordinance), issued by a licensed bank (Hong Kong)[4]
Gap: not yet issued; HSBC says it will be backed by segregated high-quality liquid assets.
Sourced[4]. How assets are classified: methodology.
Contracts
No contract addresses recorded yet.
Sources
- [1]HSBC RedCoin launches today - About HSBC | HSBC Hong Kong — HSBC, 23 Oct 2026. Accessed 26 Oct 2026. Gives the ticker RCHKD..B
- [2]Hong Kong Dollar Stablecoin | HSBC RedCoin - HSBC HK — HSBC. Accessed 14 Oct 2026.B
- [3]HSBC names stablecoin 'HSBC Redcoin' — HSBC, 30 Sep 2026. Accessed 14 Oct 2026.B
- [4]Granting of stablecoin issuer licences — Hong Kong Monetary Authority, 10 Apr 2026. Accessed 14 Oct 2026.A