JD.com Prepares JCOIN and JOYCOIN Stablecoins Ahead of Hong Kong Regulatory Launch
JD.com's blockchain subsidiary, JD CoinChain, has trademarked "JCOIN" and "JOYCOIN" ahead of Hong Kong's stablecoin regulations taking effect in August. The Hong Kong dollar-pegged tokens aim to facilitate electronic payments and crypto transactions on public blockchains.
The company is testing cross-border use cases through the HKMA's sandbox program, collaborating with Skystar Bank on real-world applications including retail payments and investment settlements. JD CoinChain warns users to verify official channels amid growing speculation about the project's scope.