JD.com reportedly registered JCOIN and JOYCOIN as stablecoin names under its umbrella

According to Mingbao Financial Network, JD Coin Chain, a subsidiary of JD.com (9618), has registered "JCOIN" and "JOYCOIN", and the market generally believes that these two names will be used as its stablecoin. The report states that the relevant services include providing electronic fund transfers and cryptocurrency financial transactions through blockchain technology. JD Coin Chain is also a participant in the stablecoin issuer sandbox of the Hong Kong Monetary Authority, and has tested Hong Kong dollar and other fiat stablecoins in the sandbox. In the future, it will focus on promoting applications such as cross-border payments, investment transactions, and retail payments.