JD.com: Will issue a stablecoin based on a public blockchain in Hong Kong and pegged 1:1 to the Hong Kong dollar

JD.com will issue a stablecoin that is pegged to the Hong Kong dollar at a 1:1 ratio, as stated on the official website of JD Coin Chain Technology (Hong Kong), a subsidiary of JD Technology Group. The JD stablecoin will be issued on a public blockchain and its reserves will consist of highly liquid and trustworthy assets that are securely stored in independent accounts of licensed financial institutions. The integrity of the reserves will be strictly verified through regular disclosure and audit reports.