On August 5, 2025, JD.com dispelled rumors regarding withdrawal from its stablecoin plans, confirmed its licensing pursuit in line with Hong Kong regulations. Richard Liu emphasized a global payment vision using JD’s existing currency.
Market reactions remain subdued as no launch has occurred yet. The regulatory environment in Hong Kong aims to establish it as a hub for stablecoins, while Ethereum’s recent price indicates a healthy market despite minor fluctuations.
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