"JD.com in China registers trademarks for JCOIN and JOYCOIN... Stablecoin names anticipated"
Summary
- JD.com announced that it has registered the names 'JCOIN' and 'JOYCOIN' as trademarks related to blockchain-based services.
- The industry predicts that these names are highly likely to be used for future stablecoins to be issued.
- JD Coinchain stated that it is testing a Hong Kong dollar-based stablecoin in the sandbox.
It has been reported that China's e-commerce company JD.com has registered the names 'JCOIN' and 'JOYCOIN' as trademarks. Industry insiders predict that these names are likely to be used for stablecoins to be issued in the future.
On the 29th, Ming Pao Hong Kong reported that JD Coinchain, a blockchain subsidiary under JD.com, recently registered the names 'JCOIN' and 'JOYCOIN' as trademarks. According to the registration details, these names are expected to be used for services related to blockchain-based fund transfers and virtual asset (cryptocurrency) financial transactions.
Meanwhile, JD Coinchain is one of the participants in the Hong Kong Monetary Authority (HKMA)'s stablecoin issuance sandbox program. Last July, it conducted a stablecoin experiment for cross-border business-to-business payments in collaboration with Tianxing Bank, a virtual bank sponsored by Xiaomi and Futu. Additionally, JD Coinchain is testing a Hong Kong dollar-based stablecoin in the sandbox.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
