JD Stablecoin Enters Second Phase of Sandbox Testing, Will Offer Services to Retail and Institutional Clients

JD Coin Chain Technology CEO Liu Peng stated in an interview that JD Stablecoin is a stablecoin based on a public blockchain and pegged 1:1 to fiat currencies such as the Hong Kong Dollar (HKD) or the US Dollar (USD). It has currently entered the second phase of sandbox testing and will offer mobile and PC applications for retail and institutional users. The main testing scenarios include cross-border payments, investment transactions, and retail payments.

JD Coin Chain Technology is collaborating with leading compliant exchanges; in the retail payment scenario, it is connecting and testing with acquiring scenarios such as JD Hong Kong and Macau sites.