JD Stablecoin Advances to the Second Phase of Testing in Sandbox

According to Foresight News, the CEO of JD CoinChain Technology, Liu Peng, announced that the JD Stablecoin, a cryptocurrency pegged 1:1 to fiat currencies such as the Hong Kong dollar (HKD) or the US dollar (USD), has entered the second phase of testing in the sandbox. This stablecoin is designed for both retail and institutional use, offering applications for mobile and PC platforms.

The testing scenarios focus mainly on cross-border payments, investment transactions, and retail payments. JD CoinChain is collaborating with leading compliance exchanges to facilitate these operations. In the retail payments sector, the company is integrating and testing with the JD platforms in Hong Kong and Macao to enhance payment acceptance and processing.