JD.com: Hong Kong Monetary Authority is currently testing stablecoin, expected to launch in the fourth quarter of this year.

According to foreign media reports, Liu Peng, CEO of JD Coinchain Technology, a subsidiary of JD Technology, recently stated that they are testing compliant stablecoins anchored to the Hong Kong dollar and other currencies within the Hong Kong Monetary Authority's "sandbox". They plan to launch the stablecoin as early as the fourth quarter of this year, first applying it to settlement scenarios on JD Global Sales' Hong Kong and Macau site. Liu Peng pointed out that JD stablecoin will mainly target 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 audibility. On June 19th, JD responded to reporters that the information is accurate, but the specific timeline depends on regulators. "We hope to receive the license in the early fourth quarter of this year and launch JD stablecoin. JD stablecoin will be issued on the public chain, and anyone can openly view the issuance data." (Pengpai News)