JD.com will issue a stablecoin pegged 1:1 to the Hong Kong dollar in Hong Kong
2024-07-24 10:39:42
JD.com has announced that it will issue a cryptocurrency stablecoin pegged 1:1 to the Hong Kong dollar (HKD) in Hong Kong. According to the official website information of JD.com CoinChain Technology (Hong Kong), a subsidiary of JD.com Technology Group, the stablecoin is issued on a public blockchain, and its reserves are composed of highly liquid and trusted assets. These assets will be safely deposited in separate accounts of the licensed Financial Institution Group, and the integrity of the reserves will be verified through regular disclosures and audit reports. Previously, the HKMA announced the list of participants in the "sandbox" of stablecoin issuers on July 18, which includes JD.com CoinChain Technology (Hong Kong). (Financial Union News Agency)
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