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JD.com Stablecoin Advances to Phase 2 in Hong Kong Sandbox, Eyes Global Payments
JD.com Stablecoin Advances to Phase 2 in Hong Kong Sandbox, Eyes Global Payments
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JD.com’s blockchain-based stablecoin has entered the second phase of sandbox testing in Hong Kong, marking a significant step toward its official launch. The token, pegged 1:1 to fiat currencies like the Hong Kong dollar and U.S. dollar, is designed for cross-border payments, enterprise settlement, and retail transactions.
JD Chain CEO Liu Peng emphasized the project’s focus on compliance and infrastructure readiness, warning against unauthorized purchase offers during the test period. "We aim to enhance payment efficiency not just within JD’s ecosystem but globally," Liu stated, highlighting Hong Kong’s supportive regulatory environment as a key factor in the initiative’s development.
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