Cointime

Download App
iOS & Android

JD CoinChain CEO: JD Hong Kong and Macau will support stablecoin shopping

Liu Peng, CEO of JD Coinchain Technology, revealed in a recent interview with Bloomberg Businessweek/Chinese Edition that JD's Hong Kong and Macau self-operated e-commerce platform will soon support stablecoin shopping. JD Coinchain plans to obtain a license in the early fourth quarter of 2025 and simultaneously launch stablecoins anchored to the Hong Kong dollar and other currencies. Currently, the company is testing stablecoins in the sandbox of the Hong Kong Monetary Authority, 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 the new financial infrastructure of the Web 3 era, with advantages such as reducing transfer time from days to seconds and reducing costs by at least half compared to traditional transfers, and are expected to play a "disruptive" role in scenarios such as international trade.

Comments

All Comments

Recommended for you