JD.com: Currently conducting internal testing of stablecoins with the Hong Kong Monetary Authority, looking forward to launching in the fourth quarter of this year.

According to a report by Jin10 on June 19, 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 currencies within the Hong Kong Monetary Authority’s “sandbox.” The launch is planned for the fourth quarter of this year at the earliest, and will first be applied in the settlement scenario for JD’s global sales in Hong Kong and Macau. Liu Peng pointed out that JD’s stablecoin will focus on traditional cross-border trade markets, connecting real payment needs in the Asia-Pacific, Middle East, and Africa with advantages such as compliance, security, and auditability. On June 19, JD responded to reporters that the related statement is accurate, but the earlier timeline has a clear premise: the specific timetable depends on regulation. “We expect to obtain a license at the beginning of the fourth quarter this year and simultaneously launch the JD stablecoin. The JD stablecoin will be issued on a public chain, and at that time anyone can publicly access data such as the issuance volume.”