🚀 Jingdong Coinlink, a JD Technology Group subsidiary, is set to launch a 1:1 stablecoin pegged to the Hong Kong dollar (HKD)! 🌟

- **Stablecoin Details**: Aiming for efficient, cost-effective, and secure payments, this stablecoin will be backed by highly liquid assets in licensed financial institutions.

- **Regulatory Play**: Despite being a Sandbox Participant by the HKMA, it's not officially endorsed or licensed to issue stablecoins.

- **HK Crypto Scene**: This move aligns with Hong Kong's growing pro-crypto stance, following CSOP's Bitcoin futures product launch.

What do you think about HK's crypto future? Drop your thoughts below! 👇