With giants like Ant Group and JD entering the market, the competitive landscape of the stablecoin market may change, no longer limited to a niche group of blockchain enthusiasts, but rather moving towards the general public and more scenarios. Market share may be redistributed, and some compliant stablecoins with technological and resource advantages will be more competitive.

Written by Su Zihua, Geek Park

Editor: Jingyu, Geek Park

Cryptocurrency has returned to the mainstream with a new legal identity.

Stablecoins are popular.

 

It may be the hottest technology concept in June besides AI. The enthusiasm of Internet giants for stablecoins has brought it back into the mainstream.

 

On June 17, 2025, Liu Qiangdong, Chairman of the Board of Directors of JD.com Group, said at a sharing session: "JD.com will apply for stablecoin licenses in major currency countries around the world, with the goal of reducing cross-border payment costs by 90% and increasing transfer time to within 10 seconds."