#GENIUSActPass 🇨🇳 JD Technology, China’s largest retailer, will launch a stablecoin in Hong Kong in Q4 2025. The token will be available on a public blockchain and listed on regulated exchanges.

Currently, stablecoins pegged to the HKD and other currencies are being tested within HKMA’s sandbox. The focus areas include cross-border payments, investments, and retail.

A solution based on the offshore yuan is also in development, pending approval from Chinese regulators.