JD.com: Currently testing stablecoin within the Hong Kong Monetary Authority, expecting to launch in Q4.

According to Jin10, Liu Peng, CEO of JD Coin Chain Technology under JD Technology, recently stated that they are testing compliant stablecoins pegged to the Hong Kong dollar and other coins in the Hong Kong Monetary Authority’s “sandbox,” with plans to launch as early as the fourth quarter of this year, initially applying to settlement scenarios for JD Global Sales in Hong Kong and Macau.

Liu Peng pointed out that JD stablecoin will focus on the traditional cross-border trade market, and connect the real payment needs of Asia Pacific, the Middle East, Africa and other places with the advantages of compliance, security and auditability. On June 19, JD.com responded to reporters that the relevant statement was accurate, but there was a clear premise at the previous point in time: the specific timeline depends on the supervision, “We expect to be licensed at the beginning of the fourth quarter of this year, and at the same time launch JD stablecoin.” JD stablecoin will be issued on the public chain, and anyone will be able to publicly access the issuance volume and other data. ”