#稳定币

Official announcement, it is indeed Dong Ge's company that issues stablecoins

The most explosive news in the circle these two days is the news that JD.com will issue Hong Kong dollar stablecoins in Hong Kong. It is indeed true, but the main body of issuing Hong Kong dollar stablecoins in the future is not the mainland JD Technology Group, but JD Technology Group's JD Coin Chain Technology Hong Kong company JD Jing Dong Coinlink. According to the official website of the Hong Kong company, JD.com Stablecoin is a stablecoin based on the supply chain and pegged to the Hong Kong dollar HKD1:1. It will be issued on the public blockchain, and its reserves are composed of highly liquid and credible assets. These assets are safely stored in independent accounts of licensed financial institutions, and the integrity of the reserves is strictly verified through regular disclosure and audit reports. I was a little surprised. I didn't expect that it was a Hong Kong company under JD.com to make a Hong Kong dollar stablecoin. After all, it seems that there is a big gap for e-commerce companies to make stablecoins. It is not clear what kind of supply chain will be used to issue Hong Kong dollar stablecoins. There should be no need to worry. After all, it is possible to enter the list of participants in the stablecoin issuer sandbox announced by the Hong Kong Regulatory Authority. The strength must be extraordinary. If the Hong Kong dollar stablecoin is a major project that the Hong Kong government promises to the world to support WEB3, its application scenarios will not only involve payment, supply chain management, and capital markets, but also WEB3 games and virtual asset transactions in the circle. The Hong Kong dollar stablecoin is like a bridge, involving the real economy on one side and the virtual economy on the other. Therefore, this project can be said to be a collection of thousands of expectations in a lifetime. JD.com Hong Kong should be under great pressure. Judging from the sandbox selection and related news, it is not easy to become the issuer of the Hong Kong dollar stablecoin in the future. At least three hard conditions and two requirements must be met.

First: You must have a physical company in Hong Kong

Second: It must be licensed in compliance

Third: You must have a strong full asset reserve strength and cannot provide sufficient and highly liquid capital. It is very likely to lead to instability of stablecoins and holders suffering financial losses.

There are two requirements. One is that the issuer cannot raise funds from the public under various names, and the other is that it cannot provide any investment products. To put it bluntly, it must be reliable and compliant, have strength, and not act recklessly.