On June 18, BiJieNet reported that Liu Peng, CEO of JD CoinChain Technology, stated in an exclusive interview with Bloomberg Businessweek that the Hong Kong dollar and multi-currency stablecoins have successfully progressed in the Hong Kong Monetary Authority's 'sandbox' testing, with hopes to officially obtain a license and go live in early Q4 this year. The JD stablecoin will be issued on a public blockchain, allowing anyone to publicly check the issuance volume and other data. Its goal is not to compete with USDT and USDC in the 'crypto-native market,' but to create a compliant stablecoin network that connects traditional cross-border trade settlements, initially applied in scenarios such as JD's global sales in Hong Kong and Macau. Liu Peng pointed out that stablecoins are similar to mobile payments, both being payment tools that enhance efficiency. In the future, they will profoundly change the structure of B-end bulk transactions and C-end inclusive payments, and actively explore the possibility of offshore RMB stablecoin implementation.