JD Coinlink, a subsidiary of the Chinese e-commerce giant JD.com, has announced its intention to launch stablecoins pegged to the Hong Kong dollar and other currencies in Hong Kong as early as Q4 2025. This was revealed by CEO Liu Peng during an interview.
This is reported by Business • Media
Completion of Testing and Preparation for Launch
JD Coinlink has successfully completed the second phase of testing for its product. During the trials, participants evaluated the use of stablecoins for cross-border payments, investment transactions, and retail. The first platform for implementation will be JD Global Sale in Hong Kong and Macau, where users will be able to make purchases using stablecoins.
“Peng emphasized that stablecoins are not cryptocurrencies like Bitcoin or Ethereum, but rather ‘payment instruments’, similar to mobile wallets.”
Legal Regulation and Company Strategy
The implementation of stablecoins in Hong Kong has become possible due to a new law that will come into effect on August 1, 2025. The document mandates the licensing of stablecoin issuers for legal operation in the local crypto market. JD Coinlink plans to obtain the necessary license in the first half of Q4 2025 and immediately list the stablecoin on a public blockchain.
The CEO stressed that the primary goal of the launch is to create a convenient and transparent infrastructure for cross-border payments between businesses in Asia, the Middle East, Africa, South America, and Europe. JD Coinlink focuses on compliance and the real economy, rather than speculation, which sets it apart from major market players — USDT and USDC, which currently hold over 80% of the stablecoin market.
The company’s management believes that the stablecoin will become not just a product, but a fundamental financial infrastructure for the Web3 era. JD Coinlink is also preparing to collaborate with licensed partners to develop services in the area of supply chain financing, particularly involving the use of blockchain in logistics and order management.
Previously, Hong Kong’s Financial Secretary Paul Chan announced plans to change the regulation of stablecoins, which also impacts the development of this sector in the region.