JD Coinlink Technology has issued a formal statement denying the launch of any stablecoin product and warning the public about fraudulent business collaborations being promoted under its name. The company clarified that it has not initiated any stablecoin issuance and does not have any official community channels related to such assets.
Official Statement on False Claims
On June 30, 2025, JD Coinlink released a declaration addressing widespread misinformation concerning its alleged involvement in stablecoin offerings and partnerships. The document emphasizes that certain entities have been spreading inaccurate information, misleading both the industry and the general public.
Official Statement Excerpt:
We have recently noticed that certain companies have released information regarding collaborations with JD Coinlink, which contains inaccuracies and has misled industry and public opinion. Please exercise caution and be wary of "stock recommendation" scams to avoid financial losses. Furthermore, we reiterate to the public that JD Coinlink Technology has not begun issuing any stablecoin, nor has it established any related communities. All current information about obtaining JD stablecoin is suspected of fraud.
For accurate details regarding our products and business partnerships, please refer only to the information published by JD Coinlink on our official website (jdcoinlink.com). We reserve the right to pursue legal action against those spreading false information that harms our company's interests.
— JD Coinlink Technology, June 30, 2025
Understanding Stablecoins and Their Role
Stablecoins are a type of cryptocurrency designed to maintain a stable value by being pegged to traditional fiat currencies. Operating on blockchain networks, they enable seamless integration with other cryptocurrency projects—such as Decentralized Finance (DeFi)—offering significant advantages in scalability and interoperability.
JD had previously announced plans to issue a cryptocurrency stablecoin pegged 1:1 to the Hong Kong dollar. According to information from JD Coinlink's website, the proposed stablecoin would be launched on a public blockchain, backed by highly liquid and credible assets held in segregated accounts at licensed financial institutions. Regular disclosure and audit reports would ensure transparency and verify the completeness of the reserves.
Current Status and Testing Phases
JD Coinlink’s CEO, Liu Peng, indicated on May 28 that the stablecoin has not yet been officially launched. The project is currently in the second phase of sandbox testing, with planned mobile and PC applications for both retail and institutional users. Test scenarios include cross-border payments, investment trading, and retail transactions.
The Hong Kong Monetary Authority (HKMA) has included JD Coinlink in its list of participants for the stablecoin issuer “sandbox.” Other participants in this regulatory testing environment include RD InnoTech, Standard Chartered Bank, ANX Group, and HKT Hong Kong Telecom.
How to Verify Authentic Information
To avoid misinformation and potential scams, always refer to the company’s official communication channels. JD Coinlink emphasizes that all legitimate business and product information will be published on their official website.
Users should remain cautious of unsolicited investment advice or promises of high returns, especially those invoking the JD brand without authorization. 👉 Learn how to identify legitimate crypto projects
Frequently Asked Questions
What is a stablecoin?
A stablecoin is a digital currency pegged to a stable asset, like a national currency or commodity. It combines the benefits of instant processing and security of blockchain with the price stability of traditional money.
Has JD launched a stablecoin?
No, JD Coinlink has not launched any stablecoin as of the latest official communication. The company is still in the sandbox testing phase and has warned the public about false announcements and scams.
How can I confirm JD’s official business announcements?
All official product and partnership announcements from JD Coinlink are published on their corporate website. Avoid relying on social media channels or unofficial sources for business-critical information.
What is a regulatory sandbox?
A regulatory sandbox is a framework that allows fintech companies to test innovative products in a controlled environment under regulatory supervision. It helps ensure compliance and security before a full public launch.
Who else is testing stablecoins in Hong Kong?
Besides JD Coinlink, other participants in the HKMA’s sandbox include RD InnoTech, Standard Chartered Bank, ANX Group, and HKT Hong Kong Telecom.
What should I do if I encounter a suspected scam?
Immediately cease communication and do not transfer any funds. Report the activity to relevant local authorities or consumer protection agencies and alert the legitimate company being impersonated.