JD joins the global stablecoin race: from sandbox pilot to license battle It can be foreseen that the successful pilot of Hong Kong's stablecoin will provide samples for mainland observation: on the one hand, to verify the actual benefits of digital currency in trade settlement and consumer payments; On the other hand, it also forces the mainland to consider how to integrate the advantages of stablecoins into the future digital financial system under the premise of safety and controllability.