According to TechFlame, on July 29, according to Hong Kong media Ming Pao, the JD Coin Chain has registered “JCOIN” and “JOYCOIN”, which are expected to be the names of the relevant stablecoins. The report quoted registration instructions as pointing out that the services involved in “JCOIN” and “JOYCOIN” include providing electronic fund transfers and cryptocurrency financial transactions through blockchain technology. According to reports, the JD Coin Chain was shortlisted for the HKMA stablecoin sandbox program last year. As of early June, it was reported that it had tested Hong Kong dollar stablecoins in

the sandbox and deployed tests for other fiat stablecoins.