JD Technology promotes stablecoin project and expects to launch cross-border settlement application in Hong Kong in the fourth quarter

Liu Peng, CEO of JD CoinChain Technology, recently stated that the company is testing compliant stablecoins anchored to the Hong Kong dollar and other currencies in the regulatory sandbox of the Hong Kong Monetary Authority. It is planned to be officially launched as early as the fourth quarter of 2025. The first batch of application scenarios will focus on the settlement business of JD Global Sales in Hong Kong and Macau. According to JD's response to the media on June 19, the relevant statement is true, but there are prerequisites for the specific launch time, which depends on the progress of regulatory approval.

JD's stablecoin will be issued in the form of a public chain to achieve transparent management on the entire chain. At that time, the public can publicly access its total issuance, reserve proof and other key data. The goal of the project is to create a compliant, secure and auditable stablecoin system, focusing on serving the traditional cross-border trade field, and connecting real international payment and settlement needs with emerging markets such as Asia Pacific, the Middle East and Africa as the main direction.

Liu Peng pointed out that compared with the current cross-border remittances between enterprises, which often take 2 to 4 days to process, JD's stablecoin plans to increase settlement efficiency to "within 10 seconds" and significantly reduce cross-border payment costs by more than 90%. The project will give priority to B-side corporate users, and is expected to gradually expand to C-side consumer scenarios in the future.

Industry insiders believe that the advancement of JD's stablecoin project reflects the exploration of large technology and e-commerce platforms in the compliance path of crypto finance, especially in the context of Hong Kong's gradual improvement of the stablecoin regulatory system, it is expected to become one of the typical cases of Chinese companies going overseas and cross-border financial innovation.

At present, the Hong Kong Special Administrative Region Government has announced the "Stablecoin Issuer System" and plans to formally implement relevant licensing arrangements in the third quarter of this year. Many institutions are actively preparing for applications, including Ant International, Lianlian Digital, etc., and JD Coin Chain Technology has also become one of the first leading companies to enter the sandbox test.