Big news! JD.com and Xiaomi jointly enter Web3!
Recently, the Hong Kong Monetary Authority announced that JD.com CoinChain Technology (Hong Kong) is one of the first institutions to enter the "Sandbox" program for stablecoin issuers. What is the big news? What is the specific content?
Behind JD.com's issuance of stablecoin (JD-HKD), there are two Internet giants, Liu Qiangdong and Lei Jun.
Stablecoin is a cryptocurrency pegged to a fiat currency or other assets, designed to reduce price fluctuations. Compared with highly volatile cryptocurrencies such as Bitcoin, it provides a relatively stable form of cryptocurrency, usually pegged to a fiat currency at a 1:1 ratio.
JD.com and Xiaomi enter the Web3 field:
1. JD.com and Xiaomi join forces: The two big guys, Liu Qiangdong and Lei Jun, decided to make some big news in the field of digital currency, just like two old friends opening a barbecue stall together, and they cooperated closely.
2. Stablecoin debut: JD.com's stablecoin JD-HKD is like discounted goods in a supermarket, with stable prices and customers at ease.
3. Market structure: USDT (Tether) dominates the stablecoin market, but the participation of JD.com and Xiaomi may make the market structure like the stock market, with new dark horses.
4. JD.com Coin Chain Technology: JD.com's wholly-owned subsidiary, focusing on blockchain technology, is like a pastry chef who focuses on making cakes, professional and enthusiastic.
5. JD.com's blockchain history: JD.com has been flirting with blockchain technology since 2017, and now it has finally decided to officially "get married" and launch its own stablecoin.
6. Reasons for joining: JD.com's entry into the stablecoin market may be to make up for its past regrets in the payment field, just like missing first love and now seizing the second chance.
7. Cross-border payment efficiency: JD.com hopes to improve cross-border payment efficiency through stablecoins, just like a courier riding an electric bike, with faster speed and more thoughtful service.
8. Considerable profits: Tether's profits are enviable, and JD.com and Xiaomi also want to share a piece of the pie. After all, who doesn't want to dig treasures in the gold mine of digital currency?
9. E-commerce giants’ anxiety about going overseas: Cooperation among giants may be a manifestation of the anxiety of Chinese e-commerce giants in overseas markets, just like traveling abroad, always wanting to bring back some local specialties.
Does the cooperation between #京东 #小米 indicate a new round of layout in the field of financial technology?！
