TechFlow news, on May 23, Liu Peng, CEO of JD Blockchain Technology, said in an interview that JD's stablecoin is a public-chain-based stablecoin pegged 1:1 to fiat currencies such as Hong Kong dollars (HKD) or US dollars (USD). It has currently entered the second phase of sandbox testing and will offer mobile and PC applications for retail and institutional users. Test scenarios mainly include cross-border payments, investment transactions, and retail payments. The company is collaborating with leading compliant exchanges. For retail payment use cases, they are integrating and testing with payment acceptance scenarios including JD's Hong Kong and Macao sites.
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