JD.com’s JD Chain Registers JCOIN and JOYCOIN, Potential Names for Its Stablecoin

According to Jinse Finance, JD.com (9618) has reportedly registered the names "JCOIN" and "JOYCOIN" under its JD CoinChain, which the market expects to be used for its stablecoins. The registration documents indicate that related services include providing electronic fund transfers and cryptocurrency financial transactions through blockchain technology. JD CoinChain is one of the participants in the Hong Kong Monetary Authority's stablecoin issuer sandbox program and previously collaborated with Fusion Bank last July to test a stablecoin-based cross-border payment solution for enterprises. According to public reports, as of early June this year, JD CoinChain has tested a Hong Kong dollar stablecoin and deployed trials for other fiat-backed stablecoins. Last month, its CEO Liu Peng stated that the second phase of testing will focus on three major application scenarios: cross-border payments, investment transactions, and retail payments. (Ming Pao)