TechFlow news, June 19 — According to Jinshi Data, Liu Peng, CEO of JD Bchain Technology under JD Technology, recently stated that the company is testing a compliant stablecoin pegged to the Hong Kong dollar and other currencies within the Hong Kong Monetary Authority's "sandbox." The stablecoin is planned to launch as early as the fourth quarter of this year, initially for settlement on JD Global's Macau and Hong Kong sales platform. Liu Peng noted that JD's stablecoin will primarily target traditional cross-border trade markets, leveraging advantages such as compliance, security, and auditability to meet real-world payment demands across the Asia-Pacific region, the Middle East, and Africa. On June 19, JD confirmed the accuracy of these statements but emphasized a clear prerequisite regarding the timeline: the actual schedule depends on regulatory approval. "We expect to receive the license at the beginning of the fourth quarter this year and simultaneously launch the JD stablecoin. The JD stablecoin will be issued on a public blockchain, allowing anyone to publicly access data such as issuance volume."
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