According to Foresight News, JD CoinChain Technology CEO Liu Peng announced that the JD Stablecoin, a cryptocurrency pegged 1:1 to fiat currencies like the Hong Kong dollar (HKD) or the U.S. dollar (USD), has entered the second phase of sandbox testing. This stablecoin is designed for both retail and institutional use, offering applications for mobile and PC platforms.
The testing scenarios primarily focus on cross-border payments, investment transactions, and retail payments. JD CoinChain is collaborating with leading compliant exchanges to facilitate these operations. In the retail payment sector, the company is integrating and testing with JD's Hong Kong and Macau platforms to enhance payment acceptance and processing.