Jingdong Coin Chain Technology tests the pegged Hong Kong dollar stablecoin, planned to launch in the fourth quarter.

Gate News bot message, Liu Peng, CEO of JD Coin Chain Technology under JD Technology, introduced in an interview with Bloomberg that the company is testing compliance stablecoins pegged to the Hong Kong dollar and other coins in the Hong Kong Monetary Authority's "sandbox". The project is planned to launch in the fourth quarter of this year, with the first application scenario set for the settlement business of JD Global Sales in Hong Kong and Macau.

Liu Peng emphasized that the JD stablecoin will focus on the traditional cross-border trade market, providing solutions for actual payment needs in regions such as Asia-Pacific, the Middle East, and Africa through features like Compliance, security, and auditability, rather than "involution" in native Crypto scenarios.

Source: Wu says.

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