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

Odaily Planet Daily News: Liu Peng, CEO of JD CoinChain Technology, recently revealed in an exclusive interview with Bloomberg Businessweek/Chinese Edition that JD's Hong Kong and Macau self-operated e-commerce will soon support stablecoin shopping. JD CoinChain plans to obtain a license in the early fourth quarter of 2025 and launch stablecoins anchored to the Hong Kong dollar and other currencies at the same time. The company is currently testing in 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 said that stablecoins will serve as new financial infrastructure in the Web 3 era, with advantages such as reducing transfer time from several days to seconds and reducing costs by at least half compared to traditional transfers. It is expected to play a "disruptive" role in scenarios such as international trade.