JD.com, one of China’s largest e-commerce giants, is officially entering the global stablecoin market with bold ambitions to revolutionize cross-border payments. The move coincides with a major legislative milestone in the United States—the passage of the GENIUS Act, a federal framework designed to regulate stablecoins.
Global Licensing Push to Disrupt Traditional Payments
At a recent press event in Beijing, JD.com founder Liu Qiangdong announced plans to apply for stablecoin licenses in all major sovereign currency nations. The company aims to cut cross-border payment costs by 90% and reduce settlement times to just 10 seconds—a sharp contrast to the traditional SWIFT system’s two-to-four-day processing window.
“We can reduce payment costs by 90% and deliver within 10 seconds,” Liu stated, signaling a bold step toward real-time global finance.
Initially focused on B2B payments, JD.com also hinted at eventual consumer (C2C) payment integration, which could reshape the retail payment landscape both domestically and internationally.
China’s Digital Currency Ambitions Align with JD’s Strategy
The announcement came just as the People’s Bank of China revealed plans for an international digital yuan operations center in Shanghai. China continues its push to internationalize its digital currency and reduce reliance on the US dollar, aligning with JD.com’s fintech innovation agenda.
JD.com has previously used China’s Digital Currency Electronic Payment (DCEP) for employee salaries and interbank settlements. Its new stablecoin plans appear to complement and expand upon China’s broader digital currency strategy.
GENIUS Act Sets the Stage for Stablecoin Innovation
The timing of JD.com’s announcement is notable, as the U.S. Senate passed the GENIUS Act—a landmark stablecoin regulation bill. The Act provides clear federal guidelines for stablecoin issuers, aiming to promote trust, transparency, and innovation in the digital dollar ecosystem.
Though the Act still faces debate in the House, its bipartisan support signals growing momentum toward mainstream adoption of stablecoins in regulated financial environments.
Conclusion: Stablecoins Go Global
With regulatory tailwinds in the U.S. and technological advancements in China, JD.com is positioning itself at the forefront of the next era of cross-border digital payments. Its global stablecoin push, if successful, could reshape how businesses and consumers transact across borders.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss