Key Points:
- JD Coinchain Technology issued an official statement debunking stablecoin partnership rumors
- Founder Richard Liu previously listed stablecoin among JD's 6 innovation projects
- Proposed stablecoin aims to reduce cross-border payment costs by 90%
- Current development remains in sandbox testing phase
Official Statement on Stablecoin Misinformation
On June 30, JD Coinchain Technology released a Statement Regarding False Information About JD Stablecoin Products and Business Cooperation, making three critical clarifications:
- No current stablecoin issuance: The company confirmed it hasn't initiated any stablecoin projects
- No authorized communities: All existing "JD stablecoin" acquisition channels constitute fraud
- Verification protocol: Stakeholders should only trust announcements published on JD Coinchain's official website
The statement specifically warned against:
- Misleading partnership claims by third parties
- "Stock recommendation" scams using JD's branding
- Unofficial investment schemes promising stablecoin returns
Background: JD's Stablecoin Ambitions
During a June 18 executive sharing session, JD founder Richard Liu revealed stablecoin development as one of six strategic innovation projects. His vision includes:
Global licensing strategy:
- Pursuing stablecoin licenses in major currency jurisdictions
- Creating enterprise-focused foreign exchange solutions
Projected benefits:
- 90% reduction in cross-border payment costs
- Transaction processing under 10 seconds
- Multi-currency support starting with HKD/USD pegs
Current Development Status
The stablecoin project has progressed through these phases:
| Development Stage | Details |
|---|---|
| Sandbox Testing | Currently in Phase 2 with Hong Kong Monetary Authority |
| Initial Offering | Planned HKD/USD pegged tokens |
| Target Users | Retail & institutional clients |
| Application Types | Mobile & desktop platforms |
| Test Scenarios | Cross-border payments, trading, retail transactions |
Technical Note: Stablecoins maintain price stability through either:
- Asset collateralization (fiat currencies, commodities)
- Algorithmic supply control mechanisms
Regulatory Context
JD Coinchain became part of Hong Kong's inaugural "Stablecoin Sandbox" cohort in July 2024 alongside:
- RD Technologies
- Standard Chartered Bank
This regulatory initiative allows controlled testing of stablecoin systems under HKMA supervision.
Market Perspective
The global stablecoin market reached $240B+ by May 2025 according to industry estimates, demonstrating significant demand for price-stable cryptocurrency solutions.
Frequently Asked Questions
Q: Can I currently purchase JD stablecoins?
A: No. All claims about JD stablecoin availability are fraudulent per the official statement.
Q: What makes JD's stablecoin approach unique?
A: Its focus on enterprise cross-border payments distinguishes it from consumer-oriented stablecoins.
Q: When will JD stablecoins launch?
A: No official timeline exists. The project remains in regulatory sandbox testing.
Q: Which currencies will JD stablecoins support initially?
A: Development focuses on HKD and USD pegs first, with potential multi-currency expansion.
Q: How does JD plan to achieve 90% cost reduction?
A: By bypassing traditional correspondent banking networks through blockchain settlement.
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Q: What regulatory approvals does JD need?
A: The company seeks stablecoin issuer licenses across multiple jurisdictions, starting with Hong Kong.