PANews reported on July 24 that according to Cailianshe, JD.com will issue a cryptocurrency stablecoin pegged to the Hong Kong dollar at a 1:1 ratio in Hong Kong. According to the official website of JD Technology Group's subsidiary JD Coinlink Technology (Hong Kong), JD Stablecoin is a stablecoin based on a public chain and pegged to the Hong Kong dollar (HKD) at a 1:1 ratio. It will be issued on a public blockchain, and its reserves are composed of highly liquid and credible assets. These assets are safely stored in independent accounts of licensed financial institutions, and the integrity of the reserves is strictly verified through regular disclosures and audit reports. Previously, on July 18, the Hong Kong Monetary Authority announced the list of participants in the "sandbox" for stablecoin issuers, including JD Coinlink Technology (Hong Kong).
