JD.com's stablecoin has entered the second phase of sandbox testing and will provide application products for retail and institutions

Planet News: According to Techub, Liu Peng, CEO of JD Coin Technology, stated that the first phase of JD stablecoin is tentatively set to issue stablecoins pegged to Hong Kong dollars and US dollars, with specific details adjusted based on regulatory and market demands. Currently, JD stablecoin has not been officially launched and is in the second stage of sandbox testing. He will provide mobile and PC application products for retail and institutional users. The test scenarios mainly include cross-border payments, investment trading, and retail payments. In the investment trading scenario, JD stablecoin is collaborating with top compliant exchanges; in the retail payment scenario, it is connecting and testing with JD's Hong Kong and Macau station and other acquiring scenarios. At the same time, he reminds the public that JD stablecoin has not been officially launched, and there are no channels to purchase JD stablecoin. Such information is all misleading and fraudulent.