---
title: "US Stock Movement | JD.com Rises 4%, Stablecoin Has Entered the Second Phase of Sandbox Testing"
description: "On Thursday, JD.com rose 4%, closing at $32.85. In terms of news, on May 23, Liu Peng, CEO of JD Coin Chain Technology, stated that JD's stablecoin has not yet been officially issued and is currently "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/242440981.md"
published_at: "2025-05-29T15:52:07.000Z"
---

# US Stock Movement | JD.com Rises 4%, Stablecoin Has Entered the Second Phase of Sandbox Testing

> On Thursday, JD.com rose 4%, closing at $32.85. In terms of news, on May 23, Liu Peng, CEO of JD Coin Chain Technology, stated that JD's stablecoin has not yet been officially issued and is currently in the second phase of sandbox testing, which will provide mobile and PC application products for retail and institutional clients. The testing scenarios mainly include cross-border payments, investment transactions, and retail payments. When discussing the reasons for entering the stablecoin business, he admitted that it is based on considerations for the development of JD Group's overseas business

According to Zhitong Finance APP, on Thursday, JD.com (JD.US) rose by 4%, closing at $32.85. In terms of news, on May 23, Liu Peng, CEO of JD Coin Chain Technology, stated that JD's stablecoin has not been officially issued yet and is currently in the second phase of sandbox testing, which will provide mobile and PC application products for retail and institutional clients. The testing scenarios mainly include cross-border payments, investment transactions, and retail payments. When discussing the reasons for entering the stablecoin business, he admitted that it is based on considerations for the overseas business development of JD Group

### Related Stocks

- [JD.US - JD.com](https://longbridge.com/en/quote/JD.US.md)
- [09618.HK - JD-SW](https://longbridge.com/en/quote/09618.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.