JD launches Hong Kong dollar stablecoin
JD CoinChain Technology, a subsidiary of JD Technology Group, announced that it will soon launch a stablecoin pegged to the Hong Kong dollar at a 1:1 ratio, and plans to issue it on public chains such as Ethereum (ETH) and Solana (SOL).

Transparency and Regulation
JD's stablecoin will disclose reserves and conduct audits regularly to ensure transparency. As a stablecoin issuer approved by the Hong Kong Monetary Authority (HKMA), JD is committed to providing safe and reliable cryptocurrencies in regulated markets.

Market Prospects
JD's stablecoin is not only an expansion of its business, but also a reflection of its innovation and technological strength. With its experience and technical support in the field of e-commerce, JD CoinChain Technology aims to meet the market's demand for stable and reliable digital currencies.

Investors have shown great interest in this news. The emergence of JD's stablecoin has brought new choices and confidence to the market, and we look forward to its injection of new vitality into the complex and changing market environment. #美国以太坊现货ETF开始交易 #比特币大会 #美国大选如何影响加密产业？ #山寨季何时到来？ #京东发行稳定币 $ETH $XRP $BNB

Why does everyone want to get a piece of the stablecoin pie?

Recently, JD.com and Xiaomi have teamed up to issue Hong Kong dollar stablecoins in Hong Kong. At present, the absolute king of the stablecoin market is [Tether USDT], but almost all traditional giants want to enter the stablecoin market to get a piece of the pie, including Paypal, Binance, etc.

The reason is that stablecoins are the foundation of Web3. As long as Web3 is still there, the demand for stablecoins will always be there, which is beyond doubt.

Secondly, stablecoins are a super transaction that is guaranteed to make money. Almost 99% of people in the currency circle will not experience redemption operations from stablecoin issuers throughout their entire currency circle career. Because everyone is C2C, I have 1 USDT, sell it to you, you give me the corresponding value of legal currency, and I give you this 1 USDT. This process does not involve redemption operations with the issuer.

Therefore, stablecoin issuers can use everyone's money to do capital transactions. Tether is basically all in US bonds, which is a more violent and stable transaction than banks.

In fact, many people in China who want to withdraw money use JD.com cards. JD.com now issues its own stablecoins, which makes things much easier. For JD.com, it is equivalent to printing its own money, providing a lot of cash flow, which is much greater than the cash flow brought by JD Finance.

It is difficult to subvert the dominance of USDT, but it does not affect coming in to share a piece of the pie.

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$BTC $ETH $BNB

#稳定币 #京东发行稳定币 #中国香港概念

This is undoubtedly a milestone event in the long river of history, marking a major breakthrough in the field of financial technology.

JD.com, an e-commerce giant, has announced that it will issue a stablecoin directly linked to the legal currency Hong Kong dollar in Hong Kong. This decision is so bold that it is hard to imagine its courage and boldness if it is not clearly supported and recognized by the top leaders.

For a long time, the direct link between cryptocurrency and legal currency has been regarded as a sensitive area. Now the breaking of this taboo undoubtedly sends a strong signal: the Eastern power is determined to play a more active role in stabilizing the financial market and no longer let the United States and other Western countries dominate.

JD.com's move is specifically manifested in the fact that JD.com Coin Chain Technology (Hong Kong), a subsidiary of its technology group, will launch a stablecoin based on public blockchain technology, which is strictly anchored to the Hong Kong dollar at a ratio of 1:1.

This innovative move not only reflects JD.com's in-depth exploration and application of blockchain technology, but also demonstrates its firm commitment to improving financial stability and promoting the development of the digital economy.

The issuance of this stablecoin will rely on highly liquid and reputable asset reserves, which will be safely stored in independent accounts of authorized financial institutions and subject to regular information disclosure and strict audit supervision to ensure the integrity and transparency of the reserves.

It is worth mentioning that shortly before the release of this news, JD Coin Chain Technology (Hong Kong) was listed in the list of participants in the "Sandbox" of stablecoin issuers announced by the Hong Kong Monetary Authority, which undoubtedly provided solid policy support and regulatory guarantees for the issuance of JD's stablecoin.

This move not only demonstrates Hong Kong's open attitude and positive actions towards emerging financial technologies as an international financial center, but also sets a new benchmark for the development of global financial technology.

In summary, JD's issuance of a stablecoin pegged to the Hong Kong dollar in Hong Kong is not only a concentrated display of its own financial technology strength, but also a major step taken by the Eastern power in the field of financial stability and digital economy.

This historic move will undoubtedly bring new opportunities and challenges to the future development of the global financial market.

$BTC $ETH $BNB

JD Technology made a shocking announcement:

Hong Kong launched the first 1:1 Hong Kong dollar anchored stablecoin,

The blockchain map is expanding again,

Tech giants are leading the new trend of cryptocurrency! "

JD Technology Group subsidiary JD CoinChain Technology (Hong Kong) announced major progress

It will issue a stablecoin pegged to the Hong Kong dollar at a 1:1 ratio, officially entering the cryptocurrency market.

As the only stablecoin issuer under JD.com

JD CoinChain Technology has obtained the Hong Kong Monetary Authority's sandbox testing qualification and multiple financial licenses,

ensuring the legality, compliance and reserve security of stablecoins.

This move not only marks JD.com's in-depth exploration in the blockchain field, but is also likely to inspire other technology companies to refocus on and invest in blockchain business, bringing new opportunities and challenges to the crypto industry.

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#京东发行稳定币

Why did JD.com decide to issue stablecoins? #京东发行稳定币

I think there are several key reasons:

1. Enhanced payment system: Stablecoins improve the efficiency and stability of JD.com's payment system, allowing users to trade faster and cheaper.

2. Promote financial innovation: JD.com regards stablecoins as an important attempt in the field of financial technology, combining traditional financial assets with blockchain technology to promote the application of digital currency and explore more application scenarios.

3. Enhanced international competitiveness: Stablecoins anchored to the Hong Kong dollar help JD.com occupy a dominant position in the international market, especially for users of cross-border transactions.

4. Increased market trust: The 1:1 anchoring of stablecoins improves the stability and trust of the digital currency market, and users can trade and store value with confidence.

5. Promote the development of the digital economy: Stablecoins help promote the development of the digital economy in Hong Kong and the world, and provide an efficient digital currency experience.

I think this move will enhance the trust in the digital currency market and bring a more convenient financial experience to users around the world.

In addition, there are rumors that JD.com plans to provide stablecoin services only to its industry chain, which is different from other sandbox pilot companies that target a wide range of retail investors. Rumors, if you want to know, you can verify it yourself #加密市场反弹 #美联储何时降息？ $QKC $SAGA $TIA

JD.com and Xiaomi join forces to launch a stablecoin storm! Is it a wealth opportunity or a huge trap?

JD.com launched the stablecoin JD-HKD pegged to the Hong Kong dollar, aiming to improve the efficiency of cross-border payments and expand the layout of financial technology. However, despite the huge potential of the stablecoin market, what is the motivation behind this layout?

Perhaps it is more of a catch-up for the missed golden period of the payment market? And a cautious attempt in the face of uncertainty in the international market?

1. Market potential and challenges of stablecoins
The stablecoin market has developed rapidly in recent years, and its market value has exceeded 100 billion US dollars. JD.com's stablecoin plan is pegged to the Hong Kong dollar, trying to find a breakthrough in the non-US dollar-pegged market. However, the dominant position in the stablecoin market is still occupied by stablecoins pegged to the US dollar such as USDT, and new competitors need to find unique market positioning and application scenarios to break through.
2. Strategic motivations of JD.com and Xiaomi
JD.com and Xiaomi's entry into the stablecoin market is more of a passive strategy to respond to international challenges. The efficiency and security of cross-border payments are problems that the two Internet giants must solve in the process of globalization, and stablecoins are seen as a potential solution. However, whether this layout can bring actual market returns remains uncertain.
A. JD.com's payment regrets and catch-up strategies
Liu Qiangdong once publicly stated that JD.com's layout in the payment field was regrettable and missed the golden period of rapid development of mobile payment. Through stablecoins, JD.com hopes to make up for this regret and enhance its competitiveness in cross-border payments. However, whether the introduction of stablecoins alone can bring significant market share growth remains unknown.
B. Xiaomi's financial technology ambitions
As a leader in the field of smart hardware, Xiaomi also has huge ambitions in the field of financial technology. By cooperating with JD.com, Xiaomi hopes to use stablecoins to further expand its financial services and improve the efficiency of cross-border payments. But like JD.com, Xiaomi also faces considerable challenges in this market.

In any case, the entry of JD.com and Xiaomi into the stablecoin market marks an important step for the two Internet giants in the process of globalization.
#京东发行稳定币 #小米汽车 #WBTC #比特币政策

#京东发行稳定币 #稳定币

This is undoubtedly a milestone event in the long river of history, marking a major breakthrough in the field of financial technology.

JD.com, the e-commerce giant, has announced that it will issue a stablecoin directly linked to the legal currency Hong Kong dollar in Hong Kong. This decision is so bold that it is hard to imagine its courage and boldness if it is not clearly supported and recognized by the top leaders.

For a long time, the direct link between cryptocurrency and legal currency has been regarded as a sensitive area. Now the breaking of this taboo undoubtedly sends a strong signal: the Eastern power is determined to play a more active role in stabilizing the financial market and no longer let the United States and other Western countries dominate.

JD.com's move is specifically manifested in the fact that JD.com Coin Chain Technology (Hong Kong), a subsidiary of its technology group, will launch a stablecoin based on public blockchain technology, which is strictly anchored to the Hong Kong dollar at a ratio of 1:1.

This innovative move not only reflects JD.com's in-depth exploration and application of blockchain technology, but also demonstrates its firm commitment to enhancing financial stability and promoting the development of the digital economy.

The issuance of this stablecoin will rely on highly liquid and reputable asset reserves, which will be safely stored in independent accounts of authorized financial institutions and subject to regular information disclosure and strict audit supervision to ensure the integrity and transparency of the reserves.

It is worth mentioning that shortly before the release of this news, JD Coin Chain Technology (Hong Kong) was listed in the list of participants in the "Sandbox" of stablecoin issuers announced by the Hong Kong Monetary Authority, which undoubtedly provided solid policy support and regulatory guarantees for the issuance of JD's stablecoin.

This move not only demonstrates Hong Kong's open attitude and positive actions towards emerging financial technologies as an international financial center, but also sets a new benchmark for the development of global financial technology.

In summary, JD's issuance of a stablecoin pegged to the Hong Kong dollar in Hong Kong is not only a concentrated display of its own financial technology strength, but also a major step taken by the Eastern power in the field of financial stability and digital economy.

This historic move will undoubtedly bring new opportunities and challenges to the future development of the global financial market.

#京东发行稳定币
We will soon have our own stablecoin, and it is issued by JD.com. Did you hear it wrong? It is Dongge's JD.com. On December 27 last year, the Hong Kong Regulatory Authority said that qualified institutions should issue stablecoins and Hong Kong dollars to achieve a 1:1 exchange. A few days ago, this sandbox mode was officially launched. The participants include JD.com, Yuanbi and Standard Chartered. Why should stablecoins be issued? In fact, in the field of cryptocurrency, stablecoins are bound to appear. Whoever gets stablecoins will win the world. It has several very special features that determine that it is indispensable in the development of the entire WEB3.
First, because ordinary encrypted assets are too volatile, they often collapse and rise in a moment, causing players' confidence to jump up and down, and their mentality is damaged at every turn.
Second, there is a lack of stable settlement methods between virtual currencies, which will further increase the volatility and even lead to a situation where there is a price but no market, which makes the bartering in our primitive society very inefficient.
Third, the stability rate. In fact, it can be withdrawn very efficiently through online operations. It directly evolved the trading method of the crypto circle from bartering to shopping with currency.
Fourth, whether the stability ratio is stable is actually very important. The first point is how to regulate, and the second point is how much reserves are. From the perspective of regulation, we must not be like some traditional forces who are very unrestrained and issue them casually. From the perspective of reserves, one Hong Kong dollar is issued for one horse house coin, which is still reassuring. The stable currency we are familiar with is U, USDT issued by Tether, but the most mainstream credit endorsement it borrows is the reserve endorsement of Tether itself and the US dollar. It cannot be compared with the credit endorsement of the stable currency that Hong Kong will issue in the future. We said before that Hong Kong wants to do WEB3, so it must issue stable currencies. As expected, testing has begun now. In addition, as players, we also need to pay attention to some things, such as the stablecoin itself. Do you think it is anonymous or centralized and traceable? In addition, so many criminals use U to do various things. Will many people target the stablecoin issued by Hong Kong in the future?