JD Stablecoin has entered the testing phase. Can it become the world's third-largest stablecoin?
Shen Jiangguang, Vice President and Chief Economist of JD Group,
stated in an interview that JD has entered the sandbox testing phase for stablecoin issuance in Hong Kong. It is expected that after the approval of Hong Kong's 'Stablecoin Regulation Draft', the Hong Kong Monetary Authority can formally issue the specific guidelines for stablecoin implementation. Shen Jiangguang pointed out that stablecoins belong to decentralized commercial issuance at the corporate level, with minimal fluctuations influenced by macroeconomic factors. Three companies have currently entered the sandbox testing phase in Hong Kong. As a type of payment virtual currency usually pegged to fiat currency or stable assets, stablecoins are gradually coming into the public eye.
At the end of last year, the Hong Kong SAR government submitted the 'Stablecoin Regulation Draft' to the Hong Kong Legislative Council. As a global financial hub, Hong Kong is not only consolidating its traditional financial market but also actively promoting emerging financial innovations. Currently, the two largest stablecoins globally are USDT and USDC. Whether the rise of JD Stablecoin can shake their positions and become the world's third-largest stablecoin, we will wait and see. The super strong IP, Trump Hero Dog Conan, is currently undergoing a correction, with promising prospects ahead! 币安王牌meme群
