PANews May 23 news, according to Techub, Liu Peng, CEO of JD Coin Chain Technology, stated that the first phase of the JD stablecoin is tentatively set to issue stablecoins pegged to the Hong Kong dollar and the US dollar, with specific circumstances adjusted based on regulation and market demand. Currently, the JD stablecoin has not been officially issued and has entered the second phase of sandbox testing, where I will provide mobile and PC application products for both retail and institutional clients. The testing scenarios mainly include cross-border payments, investment transactions, and retail payments. In the investment transaction scenario, the JD stablecoin is collaborating with leading compliant exchanges; in the retail payment scenario, it is integrating and testing with acquiring scenarios like JD Hong Kong and Macau station. At the same time, it reminds the public that the JD stablecoin has not been officially issued, and there are no channels to purchase JD stablecoins. Such information is all misleading fraudulent information.