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Chinese E-Commerce Giant JD Coinlink is Preparing to Launch Its Own Stablecoin! Here are the Details
JD Coinlink, a subsidiary of one of China’s largest e-commerce giants JD.com, announced that it has begun regulatory compliant stablecoin tests indexed to the Hong Kong dollar and other currencies under the Hong Kong Monetary Authority’s regulatory sandbox program (.
JD.com's Subsidiary JD Coinlink Starts Testing Stablecoins Indexed to the Hong Kong Dollar
Liu Peng, the CEO of JD Coinlink, stated in a recent interview that the company aims to launch its 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 Global Sale, the platform serving the Hong Kong and Macau regions of JD.com, is preparing to integrate payment support with stablecoin.
This step is seen as an important part of JD's growing strategy in the field of Web3 technologies and digital financial solutions.
Hong Kong's regulatory approach to stablecoins could make the region a leader in digital asset innovations, while the participation of major players like JD Coinlink could accelerate developments in this area.
*This is not investment advice.
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