JD announced that starting from the fourth quarter of 2025, consumers in Hong Kong and Macau can directly use “digital HKD” for purchases in JD's self-operated stores. This currency is issued by JD itself, 1 coin = 1 HKD, with a stable price that does not fluctuate, as reliable as cash.

Instant arrival + 90% fee savings, a major upgrade in cross-border payments

Traditional cross-border remittances take 3-7 days, with transaction fees as high as 6%-7%. But JD's “digital HKD” can achieve:
arrives within 10 seconds: money instantly reaches the other party's account;
90%+ fee savings: costs less than 1/10 of traditional transfers.
JD CEO Liu Peng said this is especially useful for small businesses engaged in foreign trade, solving the longstanding problem of “slow outgoing money and high costs”.

A “testing ground” supervised by the government, safe and secure

JD is testing in the Hong Kong Monetary Authority's “sandbox” (safe testing ground), mainly testing three functions:
cross-border payments (for example, paying suppliers overseas);
investment transactions (buying funds, stocks);
daily shopping (JD’s Hong Kong and Macau site supports this first).
The Hong Kong (Stablecoin Regulation) came into effect on August 1 this year, requiring issuers to:

  • Store enough real money as reserves;

  • Users can exchange for cash at 1:1 at any time;

  • Strict anti-money laundering measures.

Not competing with Bitcoin, focused on cross-border trade

There are already USD stablecoins on the market, but JD is targeting the traditional cross-border trade market, especially small and medium-sized enterprises in Southeast Asia, the Middle East, and other regions. Liu Peng clearly stated: “We do not engage in speculative trading, only addressing real payment needs.”

What are the benefits for ordinary people?

  1. Spending across borders as fast as sending a WeChat red envelope
    Remitting money to overseas friends and relatives, paying for study abroad tuition, no longer waiting for 3-5 days,arrives in 10 seconds, transaction fees reduced from hundreds of yuan to just a few. Use JD's stablecoin for overseas shopping, automatically settled at real-time exchange rates, say goodbye to credit card cross-border transaction fees that “exploit consumers”.

  2. An additional anti-inflation “piggy bank”
    Stablecoin price is stable (1:1 pegged to HKD), suitable for ordinary peopleHedge against risks. Especially since HKD is linked to USD, it can hedge against local currency depreciation risks. In the future, it may also connect with digital RMB for direct cross-border financial management.

  3. “New opportunities” under policy dividends
    After Hong Kong officially issued stablecoin licenses in August, it will drive the explosion in cross-border payments, supply chain finance, and other fields, allowing ordinary people to participate in related investments (such as Hong Kong stock financial technology stocks) through compliant channels, or to join the emerging stablecoin payment service industry.


    #dog

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