PANews reported on May 14 that according to Metaverse News, on May 13, the Hong Kong Web3 Standardization Association issued an announcement introducing a new vice-chairman unit: JD Coin Chain Technology (Hong Kong Co., Ltd.). The Hong Kong Web3.0 Standardization Association was established on January 4, 2024, and its main work is to carry out standardization research in Web3.0-related fields. JD Coin Chain Technology (Hong Kong) Co., Ltd. is a subsidiary of JD Technology Group, committed to building a global, efficient, reliable and stable payment infrastructure, providing advanced technology products and services to support the development of the global economy. The company provides a stablecoin based on a public chain and pegged 1:1 to the Hong Kong dollar (HKD), aiming to provide enterprises and individuals with efficient, low-cost and secure payment solutions. The Hong Kong Web3.0 Standardization Association was established on January 4, 2024, and its main work is to carry out standardization research in Web3.0-related fields.