Ten years of misjudgment in the value of payments, ten years of hiding and sharpening swords! Liu Qiangdong returns to the payment battlefield with JD's stablecoin, aiming for the trillion-dollar blue ocean of cross-border payments!
Looking back ten years ago, when Alipay and WeChat Pay divided the payment landscape, Liu Qiangdong asserted that "payments have no value." Now, he admits this was his "biggest regret." But Dong Ge is definitely not one to stay behind! This time, he bets on JD's stablecoin, targeting the pain points of cross-border payments: reducing costs for enterprises by 90% and compressing settlement time to under 10 seconds! Compared to the inefficiency and high fees of traditional bank wire transfers, this is undoubtedly a disruptive vision.
JD has already taken action: in 2024, it successfully entered the Hong Kong stablecoin sandbox pilot, and in 2025, its self-operated e-commerce in Hong Kong and Macau will be the first to support stablecoin payments, with tests for USD and HKD stablecoins also underway.
Insights for the crypto world:
Cross-border payments are a golden track: Traditional bank remittances are slow, and existing third-party payments are limited to small e-commerce. Stablecoins, with their inherent advantages of on-chain settlement, become the ideal solution for large and efficient cross-border payments. JD aims to tackle this tough nut that traditional finance finds hard to crack.
Compliance is the key to victory: Liu Qiangdong's high-profile layout of "global licenses" stems from a keen grasp of regulatory trends. Hong Kong, Singapore, and the EU have opened channels, and the US stablecoin bill is on the horizon. Only players who keep pace with compliance can win in the long run.
The counterattack after hibernation: Liu Qiangdong recently admitted that JD "has not innovated for five years and is on a downward slope," but this seems more like a strong person's self-reflection and accumulation of strength. The previous takeaway business may have been a smokescreen; the combination of stablecoins and internationalization is truly his strategic layout. After missing the early opportunity in payments, in the blockchain era, he is determined not to be absent again.
Tech giants are investing heavily, and the landscape of cross-border payments is changing!
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