TechFlow news, on June 18, Liu Peng, CEO of JD Blockchain, revealed in an exclusive interview with Bloomberg Businessweek/Chinese Edition that JD's Hong Kong and Macao site will soon support stablecoin payments for its self-operated e-commerce business. JD Blockchain plans to obtain its license and launch a stablecoin pegged to the Hong Kong dollar and other currencies in early Q4 2025. The company is currently testing within the Hong Kong Monetary Authority's stablecoin issuer sandbox, focusing on applications of stablecoins in three major scenarios: cross-border payments, investment transactions, and retail payments. Liu Peng stated that stablecoins will serve as new financial infrastructure in the Web3 era, offering advantages such as reducing transfer times from days to seconds and cutting transaction costs by at least half compared to traditional transfers, potentially playing a "disruptive" role in areas like international trade.
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