๐จ๐ณ Chinese Tech Giant JD.com Enters Stablecoin
Race as U.S. Senate Passes GENIUS Act!!
๐Chinese e-commerce giant JD.com, led by founder Liu Qiangdong, has announced plans to seek stablecoin licenses in all major sovereign currency countries. The aim is to dramatically cut cross-border payment costsโby up to 90%โand reduce settlement time from several days to just 10 seconds.
๐Initially focused on B2B transactions, JD.com intends to expand stablecoin use to consumers as infrastructure matures. While Liu admitted the risks of failure, he emphasized that bold moves are necessary for innovation and future competitiveness. The initiative aligns with JDโs international supply chain ambitions without disrupting its core business.
โ๏ธThis announcement comes as the U.S. Senate passed the GENIUS Act, which creates a federal regulatory framework for stablecoinsโthough it still needs House approval. Global momentum is building, with other nations and companies exploring programmable digital currencies.
๐ฎ What If Major Companies and Governments Issue Their Own Stablecoins?
If tech giants like Amazon, Walmart, or JD.com issue their own stablecoinsโand governments follow with central bank digital currencies (CBDCs)โthe financial landscape could be radically reshaped:
๐ฆ Reduced dependence on traditional banks: Companies could offer near-instant payments, bypassing banks and even card networks.
๐ Global digital economies: Frictionless cross-border payments would support global trade and digital services.
๐ผ Corporate financial ecosystems: Stablecoins could power loyalty programs, payroll, and supply chain finance directly within corporate platforms.
๐งฉ Fragmentation risk: Competing corporate currencies might complicate interoperability unless standards or regulations are enforced.
โ๏ธ Increased regulatory scrutiny: Governments would face pressure to respond with their own digital currencies or stricter controls.
In short, the stablecoin race isnโt just about techโitโs about control over the future of money.