Liu Qiangdong: JD.com will apply for stablecoin licenses in major currency countries worldwide.
On June 17, 2025, Liu Qiangdong, Chairman of JD Group, stated at a sharing session that JD.com plans to apply for stablecoin licenses in major currency countries worldwide, aiming to achieve foreign exchange among global enterprises through stablecoins, reducing cross-border payment costs by 90% and compressing transaction time to within 10 seconds.
JD's subsidiary, JD Coin Chain Technology, was selected as one of the first participants in the Hong Kong Monetary Authority's 'Stablecoin Sandbox' in July 2024, and is currently in the second phase of sandbox testing, focusing on scenarios such as cross-border payments, investment transactions, and retail payments. JD plans to replicate Hong Kong's 'sandbox testing + license application' model in major currency countries worldwide, gradually building a stablecoin compliance system covering the globe.