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

Odaily News According to Techub, Liu Peng, CEO of JD CoinChain Technology, said that the first phase of JD Stablecoin is tentatively scheduled to be issued with stablecoins anchored to the Hong Kong dollar and the US dollar, and the specific situation will be adjusted based on supervision and market demand. At present, JD Stablecoin has not been officially issued, and it has entered the second phase of sandbox testing. I will provide mobile and PC application products for retail and institutions. The test scenarios mainly include cross-border payments, investment transactions, retail payments, etc. In the investment and transaction scenarios, JD Stablecoin is cooperating with the top compliant exchanges; in the retail payment scenarios, it is being connected and tested with the JD Hong Kong and Macau stations and other acquiring scenarios. At the same time, the public is reminded that JD Stablecoin has not yet been officially issued, and there is no channel to purchase JD Stablecoin. Such information is misleading and fraudulent information.