JD.com Prepares Jcoin Stablecoin Launch Ahead of Hong Kong Regulatory Framework
JD.com, the Chinese e-commerce titan, is positioning itself at the forefront of Hong Kong's emerging stablecoin market. Through its fintech subsidiary JD Coinlink Technology, the company has registered two trademark applications—Jcoin and Joycoin—days before the city's new digital currency regulations take effect.
The JINGDONG stablecoin will be a 1:1 Hong Kong dollar-pegged asset operating on a public blockchain, designed for both commercial and retail use. JD Coinlink participates in the HKMA's stablecoin sandbox alongside notable firms like Standard Chartered Hong Kong and Animoca Brands, signaling institutional confidence in the regulatory framework.