JD Coin Chain CEO Liu Peng: Compliant stablecoins are the new financial infrastructure of the Web3 era

During an interview with Bloomberg Businessweek, Liu Peng, CEO of JD Coin Chain Technology, stated that the Hong Kong dollar and multi currency stablecoins have been successfully tested in the Hong Kong Monetary Authority's "sandbox" and are expected to be officially licensed and launched in early Q4 of this year. JD stablecoin will be issued on the public chain, and anyone can publicly access data such as issuance volume. Its goal is not to compete with USDT and USDC in the "crypto native market", but to create a compliant stablecoin network that connects traditional cross-border trade settlements and is first applied in scenarios such as JD's global sales to Hong Kong and Macau. Liu Peng pointed out that stablecoins are similar to mobile payments in that they are both payment tools that improve efficiency. In the future, they will profoundly change the structure of B-end bulk transactions and C-end inclusive payments, and actively explore the possibility of offshore RMB stablecoins landing.