On July 24th, Southern Finance and Economics reported that a 21st Century Business Herald reporter learned that JD.com will issue a cryptocurrency stablecoin in Hong Kong that is pegged 1:1 to the Hong Kong dollar. According to the official website of JINGDON Coinlink, a subsidiary of JD Technology Group, JD stablecoin is a stablecoin based on a public chain and pegged 1:1 to the Hong Kong dollar (HKD). It will be issued on a public blockchain and its reserves consist of highly liquid and trustworthy assets that are securely stored in independent accounts of licensed financial institutions. The integrity of the reserves is rigorously verified through regular disclosure and audit reports. On July 18th, the Hong Kong Monetary Authority announced the list of participants in the stablecoin issuer sandbox, including JD Coinlink (Hong Kong). (21st Century Business Herald)