Odaily Planet Daily reported that JD.com (9618)'s JD Coin Chain has reportedly registered the names "JCOIN" and "JOYCOIN", which the market expects to be the names of its stablecoins. The registration instructions show that related services include providing electronic fund transfers and cryptocurrency financial transactions through blockchain technology.

JD CoinChain is a participant in the HKMA's Stablecoin Issuer Sandbox Program and previously collaborated with Airstar Bank to test a stablecoin-based cross-border payment solution for businesses in July of last year. According to public reports, as of early June of this year, JD CoinChain had already tested a Hong Kong dollar stablecoin and was also experimenting with other fiat stablecoins. Last month, JD CoinChain CEO Liu Peng stated that the second phase of testing would focus on three application scenarios: cross-border payments, investment transactions, and retail payments. (Ming Pao)