According to online reports, Liu Peng, CEO of Jingdong CoinLink Technology, said in an interview that Jingdong stablecoin is a stablecoin based on the public chain and pegged to legal currencies such as the Hong Kong dollar (HKD) or the US dollar (USD) at a 1:1 basis. It has now entered the sandbox test. In the second phase, mobile and PC-side application products will be provided to retailers and institutions. The test scenarios mainly include cross-border payments, investment transactions, retail payments, etc.; cooperation is being carried out with the head compliance exchange; In the retail payment scenario, we are docking and testing with acquiring scenarios such as Jingdong Hong Kong and Macao Station.