Hong Kong’s stablecoin rules are set to launch this August, and JD.com is quietly making its move.
According to local media, JD CoinChain, JD.com’s blockchain arm, has registered the names “JCOIN” and “JOYCOIN”, which are believed to be the company’s upcoming stablecoins, as per a report from Hong Kong media outlet, Ming Pao.
JD’s Stablecoin Plans Aim for Real-World Payments
The upcoming “Jingdong stablecoin” is 1:1 pegged to the Hong Kong dollar and issued on a public blockchain with a mission to become one of the leading digital currencies for businesses and individuals.
Based on available filings, JCOIN and JOYCOIN will offer electronic money transfers and crypto transactions using blockchain technology.
JD CoinChain Joins…
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