JD.com plans global stablecoin expansion to cut cross-border payment costs by 90% and speed up settlements under 10 seconds.
JD.com's stablecoin strategy marks a comeback from five years of stagnation, with expansion into food delivery and tourism.
The GENIUS Act fuels global stablecoin momentum as JD.com joins major firms like Amazon and Walmart in exploring blockchain finance.
China’s e-commerce giant JD.com has unveiled bold plans to enter the global stablecoin market, aiming to slash cross-border payment costs by up to 90% and reduce settlement times to under 10 seconds. The move is a strategic pivot for the company, which has faced stagnation in recent years. JD.com intends to secure stablecoin licenses in every major sovereign currency jurisdiction. It plans to roll out the service through business-to-business payments before expanding to consumer-facing platforms.
JD’s Strategy Targets Global Payment Transformation
Liu Qiangdong, JD.com's founder, stated during a press conference in Beijing that stablecoins offer unmatched speed and efficiency. He emphasized that JD's stablecoin services will initially cater to businesses involved in international trade. Eventually, these services will extend to everyday consumers. The firm envisions a future where users worldwide transact using JD’s local coins across borders seamlessly.
Besides payments, JD.com is revamping its business by exploring sectors like food delivery and tourism. These diversification efforts follow what Liu called “five lost years” of stalled innovation and growth. The stablecoin project stands at the center of JD.com’s broader push to restore momentum.
Regulatory Winds Shift in Favor of Stablecoins
The date coincides with the global acceleration of stablecoin regulatory support. By a vote of 68-30, the U.S. Senate recently enacted the GENIUS Act, establishing a legal framework for the issuance and trade of stablecoins. Large companies like Amazon, Walmart, and Citigroup have therefore started looking at applications.
However, not all developments have been favorable. Hong Kong-based crypto neobank Infini recently announced an abrupt halt to its crypto debit card services. The company had allowed users to spend USDT and USDC via Visa and Mastercard networks. All cards—Global, Lite, and Tech—have been suspended, effective immediately. Refunds will be processed within ten business days, though bank processing may take up to 21 days.
Infini will now shift focus to Web3 financial solutions while maintaining its decentralized payment and Earn products. Moreover, JD.com’s entry into stablecoins signals a growing interest from traditional firms in blockchain-based finance. This move may prepare for increased adoption as global regulation matures.
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