Xiaomi Groups affiliated company Tianxing Bank cooperates with JD Coin Chain to explore cross-border payment solutions based on stablecoins

Odaily News Airstar Bank, a licensed virtual bank in Hong Kong, announced on its official website that it has cooperated with JD Coinlink (Hong Kong) Co., Ltd. (JINGDONG Coinlink), a subsidiary of JD Group, in the stablecoin issuer sandbox of the HKMA. Airstar Bank will assist JD Coinlink (Hong Kong) in trying a new cross-border payment solution based on stablecoins. According to previous news, Airstar Bank has been a licensed bank of the Hong Kong Monetary Authority since May 9, 2019, and officially started business on June 11, 2020. The largest shareholder is Xiaomi Group, holding 50.30% of the shares, and the second largest shareholder is Futu, holding 44.11% of the shares.