JD Coin Chain CEO: JD stablecoin will be first applied in the global payment scenario for receiving orders at Hong Kong and Macau stations.

On June 18, Liu Peng, CEO of JD Coin Chain Technology, recently accepted an exclusive interview with Bloomberg Businessweek/Chinese Edition. Liu Peng stated that "the global payment settlement scenario for the Hong Kong and Macau stations within the JD ecosystem will first use JD stablecoin for payment settlement. Outside the JD ecosystem, given the differences in scene characteristics, transaction timeliness, and fund clearing logic across different industries, we plan to tailor stablecoin payment solutions for various sectors. JD Coin Chain plans to obtain a license in early Q4 2025 and simultaneously launch stablecoins pegged to the Hong Kong dollar and other currencies. Currently, the company is testing within the Hong Kong Monetary Authority’s stablecoin issuer sandbox, focusing on the application of stablecoins in three major scenarios: cross-border payments, investment transactions, and retail payments. Liu Peng stated that stablecoins will serve as new financial infrastructure in the Web 3 era, with advantages such as reducing transfer times from days to seconds and cutting costs by at least half compared to traditional transfers, and are expected to play a role in scenarios like international trade.