JD CoinChain Technology solemnly declares: clarifying the false information about stablecoins and cooperation, and no relevant community has been established yet

JD CoinChain Technology issued a statement denying false rumors about its stablecoin products and business collaborations, clarifying it has not officially issued stablecoins or established related communities.
The company warned the public to be vigilant against fraudulent claims offering JD stablecoins, emphasizing all official updates will be posted on its website.
JD.com's Chairman Liu Qiangdong previously announced plans to apply for global stablecoin licenses to reduce cross-border payment costs by 90% and achieve near-instant transactions.
JD's stablecoin project is currently in Phase 2 of Hong Kong’s "Stablecoin Sandbox," testing use cases like cross-border payments and retail transactions, initially targeting HKD and USD pegs.
The global stablecoin market has surpassed $240 billion in issuance, with JD CoinChain being among the first participants in Hong Kong’s regulatory sandbox alongside Yuanbi Technology and Standard Chartered Bank.
The statement reaffirmed JD’s commitment to combating misinformation and advancing financial innovation while safeguarding user interests.

JD Coin Chain Technology issued a statement: solemnly clarifying the false information about stablecoins and business cooperation. On June 30, JD Coin Chain Technology Co., Ltd. issued an official statement to clarify the false information about its stablecoin products and business cooperation that has been circulating in the market recently, in order to set the record straight and remind the public to be vigilant against related fraudulent activities.

Statement content: Beware of false information and protect the public interest

JD CoinChain Technology pointed out in a statement that it has recently discovered that some companies or individuals have released information about so-called "cooperation with JD CoinChain Technology", which is false and has seriously misled the industry and public opinion. The statement particularly emphasized that JD CoinChain Technology has not yet officially issued stablecoins, nor has it established any related communities. All information claiming to be able to obtain JD stablecoins is suspected of fraud. The public needs to be vigilant and guard against "stock recommendation" scams to avoid property losses.

The statement further clarified that all information about JD CoinChain Technology's products and business cooperation shall be based on the announcements released on its official website. JD CoinChain Technology reserves the right to pursue legal liability for any false information that infringes on JD's interests.

JD Stablecoin Project Background and Progress

Earlier, according to Techub News on June 19 , JD.com Group Chairman Liu Qiangdong said in a sharing session today that JD.com hopes to apply for stablecoin licenses in all major currency countries in the world, and then use the stablecoin licenses to realize foreign exchange between global companies, reducing global cross-border payment costs by 90% and increasing efficiency to within 10 seconds.

Liu Qiangdong said, "It takes an average of 2 to 4 days for companies to remit money to each other, and the cost is quite high. After we have completed the B-side payment, we will penetrate into the C-side payment. We hope that one day everyone can use JD stablecoin to pay when they consume around the world."

It is understood that JD.com's stablecoin has not yet been officially issued . In the first phase, it plans to launch a stablecoin anchored to the Hong Kong dollar and the US dollar. It has now entered the second phase of the Hong Kong Monetary Authority's "Stablecoin Sandbox" test. The test scenarios cover cross-border payments, investment transactions, retail payments, etc., and provide mobile and PC application products for retail and institutional users.

Stablecoin Market Overview

Stablecoins are cryptocurrencies that achieve price stability through anchored assets (such as the U.S. dollar or Hong Kong dollar) or algorithmic mechanisms. According to the latest data, as of May 3, 2025, the global issuance of stablecoins has exceeded US$240 billion, demonstrating its important position in the global financial market.

Public information shows that in July 2024, JD Coin Chain Technology, Yuanbi Technology, and Standard Chartered Bank became the first batch of participants in the "Stablecoin Sandbox" of the Hong Kong Monetary Authority, marking an important step for JD in its exploration of the stablecoin field.

Conclusion

JD CoinChain Technology reiterated its zero-tolerance attitude towards false information through this statement, and called on the public to rely on official information and jointly resist fraud. With the steady progress of the stablecoin project, JD CoinChain Technology is expected to bring new possibilities for global cross-border payments and financial innovation, and will continue to be committed to maintaining market order and protecting user interests.