JD Vice President Shen Jianguang: JD's issuance of stablecoins aims to enhance global supply chain and cross-border payment capabilities

According to the Daily Economic News, Shen Jianguang, Vice President and Chief Economist of JD.com, stated in an interview that JD.com has entered the testing phase of the Hong Kong stablecoin "sandbox" and plans to improve global supply chain efficiency and cross-border payment capabilities by issuing stablecoins. Shen Jianguang stated that once stablecoins are approved for issuance in Hong Kong, they are expected to be implemented in multiple countries and regions, but they still need to comply with regulatory rules in different countries. For example, the EU MiCA requires companies to be established locally and apply for licenses, while Japan can accept coin issuance in Hong Kong. JD will actively promote global compliance layout and build a stable coin infrastructure.