Sou Hu Cai Jing·2025-06-09 08:47Group 1 - The core viewpoint is that JD Group's stablecoin has gained significant attention in the fintech sector, having been selected for the first batch of the "stablecoin sandbox" by the Hong Kong Monetary Authority, with potential pilot issuance as early as late 2025 to early 2026, depending on regulatory progress [1][3] Group 2 - JD stablecoin is a digital currency pegged 1:1 to the Hong Kong dollar, issued on a public blockchain, with its reserves independently managed by licensed financial institutions to ensure value stability through a 100% fiat currency reserve backing mechanism [3] - The stablecoin offers notable advantages in payment and settlement scenarios, supporting transactions within the JD ecosystem and enabling cross-border settlements with a cost and time reduction of over 30% compared to traditional methods, thereby enhancing supply chain liquidity [3] Group 3 - Currently, JD stablecoin is in the testing phase and has not been publicly issued, with the company warning against scams and emphasizing that there are no purchase channels available yet [4] - Possible future purchasing methods include exchanging through the JD Finance app, purchasing on digital currency exchanges, or using dedicated channels for cross-border merchants [5][7]