Today, it was reported that JD's stablecoin trademark may be JCOIN or JOYCOIN One important reason why JD.com is working so hard may be that although it has a huge payment scene, it has not eaten the cake in the domestic payment field at all, being eaten up by Tencent and Ant. As a failure in domestic payment, it will have more motivation to expand new and international payment infrastructure, and try to bypass these traditional payment infrastructures