According to Foresight News, JD Technology Group's subsidiary JD Coinlink Technology (Hong Kong)'s official website stated that JD will issue a cryptocurrency stablecoin in Hong Kong that is pegged 1:1 to the Hong Kong dollar.

JD Stablecoin is a public chain-based stablecoin pegged 1:1 to the Hong Kong dollar (HKD). It will be issued on a public blockchain, and its reserves will consist of highly liquid and trusted assets that are securely held in independent accounts of licensed financial institutions. The integrity of the reserves will be strictly verified through regular disclosures and audit reports.

According to previous news from Foresight News, the Hong Kong Monetary Authority announced the list of participants in the "sandbox" for stablecoin issuers on July 18, including Jingdong Coinlink Technology (Hong Kong).