JD Coin Chain Technology Issues Statement: Strictly Clarifying False Information Regarding Stablecoins and Business Cooperation On June 30, JD Coin Chain Technology Co., Ltd. issued an official statement to clarify the false information circulating in the market regarding its stablecoin products and business cooperation, aiming to correct the record and remind the public to be vigilant against related fraudulent activities.
Statement Content: Beware of False Information, Protect Public Interests
In the statement, JD Coin Chain Technology pointed out that it has recently discovered that some enterprises or individuals have published so-called information about "cooperation with JD Coin Chain Technology," which is untrue and has seriously misled industry and public opinion. The statement particularly emphasized that JD Coin Chain Technology has not officially issued any stablecoins and has not established any related communities. All claims regarding the availability of JD stablecoins are suspected of fraud, and the public should remain vigilant to avoid "stock recommendation" scams to prevent financial losses.
The statement further clarified that information regarding JD Coin Chain Technology's products and business cooperation should be based on announcements published on its official website. JD Coin Chain Technology reserves the right to pursue legal responsibility for any false information that infringes on its interests.
Background and Progress of the JD Stablecoin Project
Previously, on June 19, according to Techub News, Liu Qiangdong, Chairman of the Board of JD Group, stated during a sharing session that JD hopes to apply for stablecoin licenses in all major currency countries globally, and then achieve currency exchange between global enterprises through stablecoin licenses, reducing global cross-border payment costs by 90% and increasing efficiency to within 10 seconds.
Liu Qiangdong mentioned, "Currently, remittances between enterprises take an average of 2 to 4 days, and the costs are quite high. After completing B-end payments, we will penetrate into C-end payments, hoping that one day everyone can use JD stablecoins for payments when consuming worldwide."
It is understood that the JD stablecoin has not yet been officially issued, with the first phase planning to launch stablecoins pegged to the Hong Kong dollar and the US dollar, and it has now entered the second phase of testing in the Hong Kong Monetary Authority's "Stablecoin Sandbox." The testing scenarios cover cross-border payments, investment transactions, retail payments, etc., providing mobile and PC application products for retail and institutional users.
Overview of the Stablecoin Market
Stablecoins are cryptocurrencies that achieve price stability by pegging to assets (such as the US dollar or Hong Kong dollar) or through algorithmic mechanisms. According to the latest data, as of May 3, 2025, the global issuance scale of stablecoins has exceeded $240 billion, demonstrating their significant position in the global financial market.
Public information shows that in July 2024, JD Coin Chain Technology, along with Yuan Coin Technology and Standard Chartered Bank, became one of the first participants in the Hong Kong Monetary Authority's "Stablecoin Sandbox," marking an important step in JD's exploration of the stablecoin field.
Conclusion
Through this statement, JD Coin Chain Technology reaffirms its zero-tolerance attitude towards false information and calls on the public to rely on official channel information to jointly resist fraudulent activities. As the stablecoin project progresses steadily, JD Coin Chain Technology is expected to bring new possibilities for global cross-border payments and financial innovation, while continuing to commit to maintaining market order and protecting user interests.
(Data and information reference: JD Coin Chain Technology official website, Hong Kong Monetary Authority)
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