JD Coinlink, a subsidiary of JD.com, one of China's largest e-commerce giants, announced that it has begun testing a regulation-compliant stablecoin pegged to the Hong Kong dollar and other currencies within the scope of the Hong Kong Monetary Authority's (HKMA) regulatory sandbox program.
JD.com Subsidiary JD Coinlink Begins Testing Hong Kong Dollar-Pegged Stablecoin
JD Coinlink CEO Liu Peng stated in a recent interview that the company aims to launch these stablecoin projects by the fourth quarter of this year.
Liu pointed out that the use of stablecoins could transform payment systems in e-commerce and reduce costs in cross-border transactions.
Additionally, JD.com’s platform serving the Hong Kong and Macau region, JD Global Sale, is preparing to integrate payment support with stablecoins.
The move is seen as an important part of JD's growing strategy in Web3 technologies and digital financial solutions.
While Hong Kong’s regulatory approach to the stablecoin space has positioned the region as a pioneer in digital asset innovation, the involvement of major players like JD Coinlink could accelerate developments in the field.
*This is not investment advice.
