The speed is quite fast, JD has started, and we can expect whether other e-commerce platforms will also launch enterprise-level stablecoin application scenarios. Last year, companies that collaborated with Tianxing Bank to test stablecoin included Xiaomi and Futu. 🇭🇰 The Hong Kong stablecoin regulations will take effect on August 1st, and JD's subsidiary JD Chain has registered JCOIN and JOYCOIN, which may be the names of its stablecoins. JD Chain, a subsidiary of JD (9618), has reportedly registered the names "JCOIN" and "JOYCOIN," with the market expecting these to be its stablecoin names. The registration description indicates that related services include providing electronic fund transfers and cryptocurrency financial transactions through blockchain technology. JD Chain is one of the participants in the Monetary Authority's stablecoin issuer sandbox program and previously collaborated with Tianxing Bank last July to test a stablecoin-based cross-border payment solution for enterprises. According to public reports, as of early June this year, JD Chain has tested the Hong Kong dollar stablecoin and deployed experiments with other fiat stablecoins; its CEO Liu Peng stated last month that the second phase of testing will focus on three application scenarios: cross-border payments, investment transactions, and retail payments.