JD.com announces progress of stablecoin: entering the second phase of sandbox testing, testing scenarios include cross-border payments, investment transactions, retail payments, etc.

Regarding the latest progress of JD stablecoin, JD responded that JD stablecoin has not been officially issued yet, and it has entered the second stage of sandbox testing. We will provide mobile and PC applications for retail and institutional users. The test scenarios mainly include cross-border payments, investment transactions, and retail payments. JD stablecoin is a stablecoin based on public chain and pegged 1:1 to fiat currencies such as Hong Kong dollar or US dollar. The first stage is tentatively issued stablecoins anchored to the Hong Kong dollar and US dollar, and the specific situation will be adjusted based on regulatory and market demand. JD stablecoin is not limited to serving JD's own ecosystem, but is committed to providing more efficient, economical, and secure payment infrastructure for global enterprises and individuals.