JD Coin Chain Technology CEO Liu Peng stated in an interview with Techub that the JD stablecoin is a type of stablecoin based on public chains and pegged 1:1 to fiat currencies such as the Hong Kong Dollar (HKD) or the US Dollar (USD). It has currently entered the second phase of sandbox testing and will provide mobile and PC application products for retail and institutional users. The testing scenarios mainly include cross-border payments, investment transactions, retail payments, etc.; collaboration is underway with leading compliant exchanges; in the retail payment scenario, we are interfacing and testing with acquiring scenarios such as JD Hong Kong and Macau sites.