On July 29, according to the report by Ming Pao, with the Hong Kong stablecoin regulation set to take effect in August, local media cited registration documents indicating that JD's JD Chain has registered "JCOIN" and "JOYCOIN", suggesting these may be the names of its stablecoins.
According to the cited registration documents, the services related to "JCOIN" and "JOYCOIN" include electronic fund transfers and cryptocurrency financial transactions through blockchain technology.
JD Chain is one of the participants in the Hong Kong Monetary Authority's stablecoin issuer sandbox, and last July, it collaborated with local virtual bank Starbank, which is supported by Xiaomi and Futu, to explore new cross-border payment solutions based on stablecoins.
