JD's subsidiary JD Chain has registered JCOIN and JOYCOIN.


——or the name of the stablecoin under its brand
#btc# ETh#pi
JD (9618) has reportedly registered the names "JCOIN" and "JOYCOIN" under its JD Coin chain, with the market anticipating these to be its stablecoin names. The registration description indicates that related services include electronic fund transfers and cryptocurrency financial transactions using blockchain technology.
JD Coin Chain is one of the participants in the Monetary Authority's stablecoin issuer sandbox program. Last July, it collaborated with Xianxing Bank to test a stablecoin-based enterprise cross-border payment solution. According to public reports, as of early June this year, JD Coin Chain has tested the Hong Kong dollar stablecoin and deployed trials for other fiat stablecoins; its CEO Liu Peng stated last month that the second phase of testing will focus on three major application scenarios: cross-border payments, investment transactions, and retail payments.
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