# Become a Payment Weapon, China's E-Commerce Giant Plans to Explore Stablecoins**

JD.com, the largest marketplace in China, plans to adopt stablecoins as a payment option. This move also opens up opportunities for efficient cross-border transactions.

This initiative was announced by the company's founder Liu Qiangdong, who outlined the company's vision. According to him, stablecoins offer fast transactions, without involving many intermediaries, and are considered efficient, which is seen as the future of business.

Furthermore, the crypto assets are pegged to the local currency at a 1:1 ratio, so there is no difference in value from the original. Moreover, this blockchain-powered payment infrastructure can reduce costs by up to 90% compared to traditional payment methods.

Similar plans are also being made by global e-commerce giants Walmart and Amazon.com, which are reportedly exploring the issuance or adoption of crypto stablecoins. Sooner or later, this plan will be realized in line with the efforts of the Genius Act to regulate stablecoins in the United States (US).

-# Image Source: JD Corporate Blog