According to online reports, Liu Peng, CEO of Jingdong CoinLink Technology, recently revealed in an exclusive interview with Bloomberg Businessweek/Chinese Edition that as of early June, we have mainly conducted testing of Hong Kong dollar stablecoins and will conduct testing of other fiat stablecoins later. The second phase focuses on testing the use of stablecoins in three practical scenarios: cross-border payments, investment transactions and retail payments. In the cross-border payment scenario, we plan to expand users through both direct customer acquisition and indirect customer acquisition (such as working with compliant wholesalers). In the investment transaction scenario, we are negotiating cooperation with global compliance exchanges to launch Jingdong stablecoins to different regions. The first to implement retail is Jingdong's Global Sales Station for Hong Kong and Macao. By then, users can take the lead in using stablecoins to shop in Jingdong's self-operated e-commerce scenarios.