JD.com Eyes Global Stablecoin Licenses to Cut Cross-Border Payment Costs

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JD.com, China’s e-commerce powerhouse, plans to pursue stablecoin licenses in major markets worldwide, founder Richard Liu revealed.

The initiative aims to revolutionize international transactions by offering faster, cheaper alternatives to traditional banking systems.

“Applying for stablecoin licenses in key currency markets will enable near-instant, low-cost B2B transfers,” Liu said in Beijing.

JD’s proposed stablecoin could reduce cross-border fees by 90% and process payments in 10 seconds—a stark contrast to SWIFT’s delays and high costs.

The announcement aligns with growing regulatory discussions on stablecoins, particularly in the U.S. Meanwhile, China’s central bank governor, Pan Gongsheng, noted that blockchain and stablecoins have reshaped payments, boosting efficiency but complicating oversight.