Foresight News reports that Liu Peng, CEO of JD Coin Chain Technology, stated in an interview that the JD stablecoin is a stablecoin based on a public chain and pegged 1:1 to fiat currencies such as the Hong Kong Dollar (HKD) or the US Dollar (USD). It has now entered the second phase of sandbox testing and will offer mobile and PC application products for retail and institutional clients. The testing scenarios mainly include cross-border payments, investment trading, and retail payments; collaborations are underway with leading compliant exchanges. In the retail payment scenario, we are connecting and testing with acquiring scenarios such as JD's Hong Kong and Macau sites.