crypto 元寶
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Liu Qiangdong's Strong Entry into Stablecoins: The Avengers of JD
Ten years ago, Liu Qiangdong watched helplessly as Alipay and WeChat Pay divided China's payment industry, and that phrase 'payments have no value' became his biggest regret. Now, he is back with JD's stablecoin — this time, the battlefield is the trillion-dollar realm of cross-border payments.
'Buy the World with JD's Stablecoin'
On June 17, Liu Qiangdong made a bold statement at JD's headquarters: to grab stablecoin licenses in mainstream countries around the world, cut cross-border payment costs by 90%, and reduce settlement time to within 10 seconds. 'First tackle the B-end, then the C-end; one day, when you spend abroad, you will be using JD's stablecoin.' Does this sound like just empty promises? But JD has already made real moves: in 2024, the Hong Kong stablecoin sandbox will be shortlisted, and in 2025, self-operated e-commerce in Hong Kong and Macao will soon support stablecoin payments, with testing for HKD and USD stablecoins already underway.
What should those in the crypto circle understand?
1. Cross-border payments are the 'Holy Grail' of stablecoins: Bank wire transfers are as slow as a snail, and third-party payments are stuck in small-scale e-commerce; on-chain settlement with stablecoins is the future. JD's ambition is to tackle the hard nut that traditional finance struggles to crack — enterprise-level cross-border remittance.
2. Compliance licenses = Moat: Liu Qiangdong dares to shout 'global licenses' because he understands the rules of the game. Hong Kong, Singapore, and the EU have opened the gates, and the US stablecoin bill is about to land; only players who follow policy trends can survive until the end.
3. Don't just focus on USDT: Giants' stablecoins are not meant to be 'backup plans.' Once JD establishes a closed loop of e-commerce + payment + stablecoin, it could foster a new business ecosystem — using JCoin for procurement, settlement, and even payroll.
'Five Lost Years' and the Revenge Script
Liu Qiangdong recently self-deprecated: 'JD has not innovated in the past five years and has been declining.' But veterans in the crypto circle understand that true tough players never waste words during the low points. The food delivery war is a smokescreen; stablecoins + internationalization are his path to redemption. Having missed out on payments back then, he is now betting on blockchain — this time, Dong Ge does not want to be a mere spectator.
Click on the avatar to follow, so you won't get lost in the crypto circle.
Ten years ago, Liu Qiangdong watched helplessly as Alipay and WeChat Pay divided China's payment industry, and that phrase 'payments have no value' became his biggest regret. Now, he is back with JD's stablecoin — this time, the battlefield is the trillion-dollar realm of cross-border payments.
'Buy the World with JD's Stablecoin'
On June 17, Liu Qiangdong made a bold statement at JD's headquarters: to grab stablecoin licenses in mainstream countries around the world, cut cross-border payment costs by 90%, and reduce settlement time to within 10 seconds. 'First tackle the B-end, then the C-end; one day, when you spend abroad, you will be using JD's stablecoin.' Does this sound like just empty promises? But JD has already made real moves: in 2024, the Hong Kong stablecoin sandbox will be shortlisted, and in 2025, self-operated e-commerce in Hong Kong and Macao will soon support stablecoin payments, with testing for HKD and USD stablecoins already underway.
What should those in the crypto circle understand?
1. Cross-border payments are the 'Holy Grail' of stablecoins: Bank wire transfers are as slow as a snail, and third-party payments are stuck in small-scale e-commerce; on-chain settlement with stablecoins is the future. JD's ambition is to tackle the hard nut that traditional finance struggles to crack — enterprise-level cross-border remittance.
2. Compliance licenses = Moat: Liu Qiangdong dares to shout 'global licenses' because he understands the rules of the game. Hong Kong, Singapore, and the EU have opened the gates, and the US stablecoin bill is about to land; only players who follow policy trends can survive until the end.
3. Don't just focus on USDT: Giants' stablecoins are not meant to be 'backup plans.' Once JD establishes a closed loop of e-commerce + payment + stablecoin, it could foster a new business ecosystem — using JCoin for procurement, settlement, and even payroll.
'Five Lost Years' and the Revenge Script
Liu Qiangdong recently self-deprecated: 'JD has not innovated in the past five years and has been declining.' But veterans in the crypto circle understand that true tough players never waste words during the low points. The food delivery war is a smokescreen; stablecoins + internationalization are his path to redemption. Having missed out on payments back then, he is now betting on blockchain — this time, Dong Ge does not want to be a mere spectator.
Click on the avatar to follow, so you won't get lost in the crypto circle.
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