JD.com Debunks Stablecoin Collaboration Rumors Amid Market Hype

On June 30, JD Blockchain Technology, a subsidiary of JD.com, issued a statement on the "JD Spokesperson" account to debunk rumors about a collaboration with a third-party platform. The statement clarified that certain enterprises had released misleading information about their collaboration with JD Blockchain, which had misled industry professionals and the public. The statement urged the public to be cautious of stock recommendation scams and to avoid financial losses.

JD Blockchain Technology emphasized that it had not yet begun issuing stablecoins and had not established any related communities. All information regarding the acquisition of JD stablecoins was deemed fraudulent. The company advised the public to refer to information released on its official website for any product or business cooperation details. JD Blockchain Technology also reserved the right to pursue legal action against any false information that infringed on its interests.

The third-party platform in question had previously published two pieces of information related to JD stablecoins, including claims of free registration and verification rewards of 5,000 stablecoins. These pages have since been removed. The platform had also claimed that users could receive stablecoins by registering and verifying their identities on the JD community platform. These claims were also debunked by JD Blockchain Technology.

The concept of stablecoins has gained significant traction, particularly with the influence of U.S. stablecoin policies on the global market. In China, research on offshore RMB stablecoins has become a key economic focus. Major tech and financial giants are rapidly entering this space, with companies like JD.com and Ant Group unveiling significant plans and progress in their stablecoin strategies. In April 2025, JD Blockchain Technology launched the JD-HKD stablecoin, pegged 1:1 to the Hong Kong dollar, and initiated a Real-World Asset Tokenization (RWA) layout, marking a major strategic shift in blockchain and financial technology.

In June, JD.com made several announcements regarding its stablecoin initiatives. On June 17, the company revealed plans to apply for stablecoin licenses in major global currency countries, aiming to innovate cross-border payments through the issuance of stablecoins pegged to legal tender. On June 20, JD.com officially announced the launch of its stablecoin project, listing it as one of its six key innovative businesses. During the China Wealth Management 50 Forum in the same month, the chief economist of JD.com stated that the company had completed preparatory work for its stablecoin initiatives by the first half of 2024.

JD.com has obtained a regulatory sandbox license and is currently in the second testing phase, allowing it to issue stablecoins and conduct simulated transactions in a controlled environment. With the passage of relevant legislation in Hong Kong, the Hong Kong Monetary Authority plans to begin the global application process for formal licenses starting in August. The company has accumulated rich experience during the regulatory sandbox testing phase, with the Monetary Authority closely monitoring its business scenarios, operational models, and anti-money laundering measures. If subsequent reviews are smooth, JD.com is expected to officially issue stablecoins in Hong Kong during the third or fourth quarter of the year.

Despite the debunking of the third-party platform's claims, the concept of stablecoins continues to gain traction in the secondary market. Rumors about collaborations between listed companies and tech giants in the stablecoin sector have been circulating. For instance, in late May, an individual account on an investor community platform claimed that a certain company was involved in JD.com's stablecoin business, providing technical support and system services. However, this information was not verified by the company in question, and no official confirmation was provided.

Similar rumors have surfaced about other listed companies, such as claims that a certain company was providing technical support for JD.com's stablecoin sandbox testing. The company in question denied these allegations, stating that it had no business cooperation with JD.com or Ant Group in the stablecoin sector. Despite the denials, the stock prices of these companies have seen fluctuations, indicating the market's interest in the stablecoin concept.

The stablecoin concept has been a hot topic in the market, with various companies being labeled as "stablecoin concept stocks." The market's enthusiasm for stablecoins is driven by the potential for innovation in cross-border payments and the growing interest in digital assets. However, investors should be cautious of the risks associated with stablecoins, including potential regulatory changes, technological flaws, and market volatility. The value of stablecoins depends on the effective operation of their pegging mechanisms, and any disruptions could lead to significant market impacts.