JD Coinchain Technology Remains in Hong Kong Stablecoin License Race
JD Coinchain Technology, a subsidiary of JD.com, remains in the race for Hong Kong's first stablecoin license, contrary to earlier reports. The company is one of three main participants in the stablecoin testing sandbox. As of February 2, 2026, the Hong Kong Monetary Authority reported that 36 institutions have applied for stablecoin licenses, including banks, tech firms, and e-commerce platforms, with Standard Chartered Bank being a notable contender.