JD: Testing stablecoins within the Hong Kong Monetary Authority, looking forward to their launch in the fourth quarter of this year

According to foreign media reports, Liu Peng, CEO of JD Coin Chain Technology, a subsidiary of JD Technology, recently stated that it is testing compliant stablecoins anchored in Hong Kong dollars and other currencies within the Hong Kong Monetary Authority's "sandbox". The plan is to launch them as early as the fourth quarter of this year and first apply them to JD's global sales to Hong Kong and Macau settlement scenarios. Liu Peng pointed out that JD stablecoin will focus on the traditional cross-border trade market, connecting the real payment needs of Asia Pacific, Middle East, Africa and other regions with advantages such as compliance, security, and auditability. On June 19th, BOE responded to reporters that the relevant statement is accurate, but the specific timeline depends on regulation. "We expect to obtain a license in the early fourth quarter of this year and launch JD stablecoin at the same time. JD stablecoin will be issued on the public chain, and anyone can publicly access data such as issuance volume at that time," (Pengpai News)