Is JD also going to issue a cryptocurrency? Liu Qiangdong confirms: Stablecoin launch is imminent!

Yesterday, Liu Qiangdong revealed at a sharing session that JD has six innovative projects, one of which is particularly explosive: they are working on a 'stablecoin'! This means that JD might also issue a cryptocurrency!

Liu Qiangdong's goal is very clear:

To use stablecoins to solve the long-standing problems of 'difficult remittances, high fees, and slow speeds' among global enterprises.

He even stated that he wants to cut cross-border payment costs by 90%, with speeds fast enough to 'arrive in 10 seconds'!

Currently, this 'JD Stablecoin' has not been officially issued but has entered the second phase of 'sandbox testing'. This means they are already testing some real scenarios.

So what are they testing?

Cross-border payments

Investment transactions

Retail payments (for example, buying on JD's Hong Kong and Macau site)

It is said that the first phase will issue two types of coins:

One pegged to the Hong Kong Dollar (HKD)

One pegged to the US Dollar (USD)

And these are 1:1 pegged fiat 'payment-type stablecoins', not the kind of speculative tokens.

Why is JD doing this?

JD has stated three reasons:

1. The need for an overseas strategy: cross-border settlements are always slow and expensive, so they need to find new methods.

2. After research and analysis, they found that stablecoins are a great opportunity.

3. The Hong Kong government is also strongly promoting Web3, and the policy environment is just right.

They are already one of the first companies in Hong Kong to participate in the 'stablecoin sandbox' and have been specifically praised along with Standard Chartered Bank.

What are the advantages of JD's stablecoin?

Liu Peng (CEO of JD Coinchain Technology) summarized three major advantages:

1. Speed: Previously, remittances took several days; now it can be done in seconds.

2. Cost: Eliminating middlemen significantly reduces fees.

3. Experience: Available year-round, transfers can be made anytime, anywhere, as conveniently as using WeChat.

They are currently also collaborating with leading compliant exchanges, meaning you may be able to see 'JD Coin' on exchanges in the future.

But be careful: it hasn't officially launched yet, so don't be fooled by false news!

Think about it: do you believe JD's stablecoin is the next big trend, or is it just a trial run?

Let's discuss your thoughts in the comments section.