On June 17th, Liu Qiangdong, the founder of JD Group, stated at a sharing session that JD will apply for stablecoin licenses in major currency countries around the world.
Liu Qiangdong said that currently, remittances between enterprises take 2 to 4 days and the cost is also relatively high. Jd.com hopes to achieve foreign exchange among global enterprises through stablecoin licenses, reducing the global cross-border payment cost by 90% and increasing the efficiency to within 10 seconds. After B-end payment matures, it will also penetrate into the C-end.
Jd.com has long made plans in the stablecoin field. In July 2024, its subsidiary, JD Coin Chain Technology, was approved to enter the “Stablecoin Regulatory Sandbox” of the Hong Kong Monetary Authority, with plans to issue stablecoins pegged 1:1 to the Hong Kong dollar. At present, the project has entered the second phase of sandbox testing, covering scenarios such as cross-border payment, investment transactions and retail payment.
Hong Kong will implement the Stablecoin Ordinance on August 1 this year, providing a clear compliance path for the issuance and operation of stablecoins. With its advantages in e-commerce and supply chain, JD.com is expected to gain a certain edge in the cross-border payment field after applying for a license. If JD’s stablecoin is successfully launched, it will bring great convenience to consumers and related enterprises.
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