According to Wu Shuo, Hong Kong virtual bank Airstar Bank, a subsidiary of Xiaomi Group, announced that it will cooperate with Jingdong Coinlink, a subsidiary of JD Group, in the Hong Kong Monetary Authority's stablecoin issuer "sandbox" to explore new solutions for corporate cross-border payments.
As one of the "Sandbox" participating institutions, JINGDONG Coinlink plans to use the "Sandbox" environment for innovation, testing and improvement.