BOE
2025.06.05
13:50
On the afternoon of June 5, JD responded to the latest progress of JD Stablecoin, saying that JD Stablecoin has not been officially issued yet, and has entered the second phase of sandbox testing. We will provide mobile and PC application products for retail and institutions. The test scenarios mainly include cross-border payments, investment transactions, retail payments, etc. JD Stablecoin is not limited to serving JD's own ecology, but is committed to providing more efficient, economical and secure payment infrastructure for global enterprises and individuals. JD also introduced that "in the cross-border payment scenario, we have the characteristics of fast speed, and the transaction speed is shortened from days to minutes or even seconds; secondly, the cost is low, which reduces the intermediate links and transaction fees, and can save cross-border payment costs; the experience is good, and the payment service can be carried out throughout the year. This makes it very suitable for the current international trade settlement application. JD responded that "under the guidance of JD Group's overseas business development strategy, our team has done a relatively detailed research and analysis on the Web3 field, and found that issuing payment stablecoins through blockchain technology can not only solve the problems encountered in its own cross-border settlement, but also effectively serve other enterprises and the real economy, and can produce huge economic and social effects for companies and society. At the same time, the Hong Kong government is also vigorously supporting the Web3 industry. JD.com said, “After comprehensive judgment, we initiated the license application in Hong Kong as soon as possible. After about a year of hard work, we are very honored to obtain regulatory recognition and become a participant in the Hong Kong Stablecoin Issuer Sandbox. We are currently actively communicating and cooperating with the Hong Kong Monetary Authority and other regional regulators to promote JD.com’s stablecoin business to operate in compliance with global regulations.”
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