JD.com's stablecoin has entered the second phase of sandbox testing and will provide services to retail and institutions

Liu Peng, CEO of JD Coin Chain Technology, stated in an interview that JD Stablecoin is a stablecoin based on a public chain and pegged 1:1 to the Hong Kong dollar (HKD) or the US dollar (USD) and other legal currencies. It has now entered the second stage of sandbox testing and will provide mobile and PC application products to retail and institutional users. The testing scenarios mainly include cross-border payments, investment transactions, retail payments, etc.; cooperating with top compliance exchanges; in the retail payment scenario, we are connecting and testing with JD Hong Kong and Macau sites and other acquiring scenarios.