Liu Qiangdong announced that JD.com will apply for stablecoin licenses globally, aiming to shorten cross-border payment times from days to seconds and reduce costs by 90%. (Background: The rationale behind JD.com and Ant Group applying for stablecoin licenses: a new round of digital payment positioning war) (Supplementary background: Can JD.com, the largest e-commerce platform in China, ignite the cryptocurrency payment revolution by entering the Hong Kong stablecoin market?) Liu Qiangdong, founder of the leading Chinese e-commerce platform JD.com, stated in an internal sharing session in Beijing on the 17th that the company is in the process of applying for stablecoin licenses in 'major currency countries', with the goal of reducing corporate cross-border remittance times from 2 to 4 days to under 10 seconds, while cutting fees by 90%. 'We want to make remittances for global merchants as fast as placing an order, starting with B-end services and then bringing stablecoins to consumers.' JD.com participates in the Hong Kong Monetary Authority's regulatory sandbox. According to earlier reports from the South China Morning Post, JD.com's JD CoinChain Technology has entered the Hong Kong Monetary Authority's regulatory sandbox to test stablecoins pegged to the Hong Kong dollar and the US dollar. Data from AInvest in June also indicated that JD.com is evaluating the issuance of offshore RMB stablecoins to promote the internationalization of the RMB. Furthermore, JD.com has partnered with Xiaomi's Tianxing Bank and others to jointly create a settlement network, leveraging its e-commerce and supply chain advantages to directly connect with global suppliers. By adopting a 'stablecoin layering' model, recipients can receive local fiat currency without having to interact with cryptocurrency wallets. The advantages of stablecoins in cross-border payments are backed by data. Bitpace research indicates that blockchain settlements can reduce transaction fees from a typical 3% to 0.3%, with multinational payroll being credited in as little as a few seconds. HTX Ventures also mentioned this year that the compliance framework is becoming clearer, and companies' willingness to adopt it is increasing. However, challenges still exist. The fragmentation of global regulation means that JD.com has to navigate country by country; additionally, blockchain infrastructure is still not widespread in some markets. Liu Qiangdong admitted, 'We need to get the corporate side right before we can talk about comprehensive implementation.' However, if JD.com obtains the license as planned, the monopoly of interbank clearing will be shaken, and cross-border e-commerce and supply chain companies are expected to benefit first. In the future, if stablecoins enter the consumer end, credit card transaction fees and exchange rate differences for travel shopping may also be rewritten. Related reports e-CNY｜During JD.com's Singles Day, 100,000 people used 'digital RMB' for shopping; transaction volume grew by 3000% in a year. China's ban) Ant Group, Tencent, and JD.com signed the 'NFT Self-Regulation Agreement': to resist speculation related to virtual currencies. China's 'Blockchain Review' (Blockchain Information Service Management) filing list was released, including Baidu, Alibaba, Tencent, and JD.com. 'JD.com aims to obtain a global stablecoin license; Liu Qiangdong: The goal is to reduce cross-border payment fees by 90% and remittance times to within 10 seconds.' This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).