📰 JD.com Registers ‘Jcoin’ Ahead of HK #Stablecoins coin Regulations

🔹 The Core News:

JD.com, one of China’s largest e-commerce platforms (often called “China’s Amazon”), has registered two entities — Jcoin and Joycoin — through its fintech arm JD Coinlink Technology.

If executed properly, Jcoin could become a major stablecoin in Asia, especially given JD.com's massive retail footprint and government-friendly positioning. This might trigger similar moves from rivals like Alibaba or Tencent, accelerating Asia’s stablecoin race.

These moves come just days before Hong Kong’s Monetary Authority (#HKMA ) enforces new stablecoin regulations, starting this Friday.

The planned “Jingdong Stablecoin” will be 1:1 pegged to the Hong Kong Dollar (HKD)

🏦 Background:

JD Coinlink began exploring stablecoins in March 2024 as part of HKMA’s Stablecoin Sandbox Program.

Other participants in this sandbox include:

Standard Chartered (HK)

RD InnoTech

Animoca Brands

Hong Kong Telecommunications

JD.com’s move with Jcoin is not just a technical or financial story—it signals the gradual convergence of Web2 commerce and Web3 finance under a regulated environment. It also reaffirms Hong Kong’s emerging role as a crypto-stablecoin innovation hub, attracting not just fintechs but large traditional companies.