JD stablecoin has entered the second phase of sandbox testing and will provide services to both retail and institutional clients

ChainCatcher news, Liu Peng, CEO of JD Coin Chain Technology, stated in an interview that the JD stablecoin is a type of stablecoin based on a public chain and pegged 1:1 to fiat currencies such as the Hong Kong Dollar (HKD) or the US Dollar (USD). It has currently entered the second phase of sandbox testing and will provide mobile and PC application products for both retail and institutional users. The testing scenarios mainly include cross-border payments, investment trading, and retail payments.

JD Coin Chain Technology is collaborating with leading compliant exchanges; in the retail payment scenario, it is integrating and testing with acquiring scenarios such as JD's Hong Kong and Macau sites.