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

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PANews
05-23
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According to Techub, PANews reported on May 23rd that Liu Peng, CEO of JD Coin Chain Technology, stated that the first phase of JD Stablecoin is tentatively set to issue stablecoins pegged to the Hong Kong dollar and US dollar, 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 scenarios such as JD's Hong Kong and Macau stations. At the same time, he reminds the public that JD Stablecoin has not been officially launched, and there are no channels to purchase it. Such information is misleading and fraudulent.

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