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CEO of JD Coin Chain Technology, Liu Peng, introduced that JD stablecoin is a stablecoin based on the public chain and pegged 1:1 to the Hong Kong Dollar (HKD) or US Dollar (USD) and other legal tender. The specific situation of the stablecoin anchored to the Hong Kong Dollar and US Dollar in the first phase of issuance is subject to adjustment based on regulations and market demands. JD stablecoin is not limited to serving the JD ecosystem but is committed to providing more efficient, economical, and secure payment infrastructure for enterprises and individuals worldwide. Liu Peng stated, "The JD stablecoin has not been officially issued yet and is currently in the sandbox testing phase. In the second phase, we will provide mobile and PC application products for retail and institutional customers. Test scenarios mainly include cross-border payments, investment transactions, and retail payments." Liu Peng also mentioned, "At the same time, we would like to remind the public that JD stablecoin has not been officially issued yet and there is no channel to purchase JD stablecoin. Such information is misleading and fraudulent." (Sina Technology).