🧐 Does this impressive-looking stablecoin have anything to do with us?

JD's stablecoin layout officially states:

The stablecoin route in mainland China is gradually transitioning from "regulation-led e-CNY" to "enterprise-led, compliant overseas expansion, with a focus on B-end applications."

I feel this is a realistic and pragmatic overseas strategy in the context where the regulatory framework is unclear, and the central bank digital currency (e-CNY) primarily targets retail C-end.

So the question arises, does it have anything to do with the people?

As mentioned above, the mainland stablecoin follows the path of "enterprise-led, compliant overseas expansion, prioritizing To B," using cross-border settlement and payment to reduce costs and improve efficiency.

It has almost nothing to do with the people!

You can't use it, can't touch it, and can't get an airdrop; this is not DeFi, not public chain narrative, not Web3, but an extension of state-owned enterprise thinking on the chain.

Don't be fooled by the three words "stablecoin"; this game is about capital flows, corporate settlements, and dollar substitution, with no regard for the welfare of the people.