JD (9618) has registered the names "JCOIN" and "JOYCOIN" for its JD Coin Chain, with the market expecting them to be stable coin names. The registration description shows that the related services include providing electronic fund transfers and cryptocurrency financial transactions through blockchain technology.

JD Coin Chain is one of the participants in the HKMA's stable coin issuer sandbox program, and it collaborated with Tianxing Bank last July to test an enterprise cross-border payment solution based on stable coins. According to public reports, as of early June this year, JD Coin Chain has tested a Hong Kong dollar stable coin and deployed tests for other fiat currency stable coins; its CEO Liu Peng stated last month that the second phase of testing will focus on three major application scenarios: cross-border payments, investment transactions, and retail payments. (Ming Pao)