#MyTradingStyle Richard Liu, the founder and chairman of JD.com, announced that the company intends to apply for licenses to launch stablecoins in major global markets, aiming to enable international transfers between businesses and reduce cross-border payment costs by up to 90%.

Liu explained that transactions would occur in just ten seconds, a significant improvement compared to the current SWIFT system.

This statement came during a press conference in Beijing, where Liu confirmed JD's ambition to make its digital currency a tool for daily international transactions for consumers around the world.

This step comes in the context of expanding global regulations regarding stablecoins, particularly in the United States.

In line with these plans, JD Coinlink, the company's specialized arm, has conducted tests on dollar-linked stablecoins in Hong Kong.

The international unit of Ant Group recently revealed its intention to apply for a similar license in the region.

In another context, JD.com announced strong revenues in the first quarter of the year, reaching 301.1 billion yuan (41.5 billion dollars), a year-on-year increase of 16%.

The company recorded annual revenues of 158.8 billion dollars in 2024, reinforcing its position as one of the largest e-commerce platforms in China.