The official website of JINGDONG Coinlink Technology Hong Kong Limited, JD.com's stablecoin issuance entity, is currently inaccessible. The exact time the site went offline remains unknown, though corporate registry data shows the company's business status as "still registered."
JINGDONG Coinlink was selected for the Hong Kong Monetary Authority's (HKMA) stablecoin issuer sandbox in July 2024 and had announced plans to issue a stablecoin pegged 1:1 to the Hong Kong dollar. However, when the HKMA issued its first batch of stablecoin licenses in April 2026, only Anchorpoint—a joint venture led by Standard Chartered Bank—and HSBC were approved. JINGDONG Coinlink was not among the license recipients.
JD.com's Stablecoin Arm JINGDONG Coinlink Website Goes Offline After Missing HKMA First Batch Licenses
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