JD Group Aims to Revolutionize Global Payments with Stablecoin Licenses

According to PANews, JD Group Chairman Liu Qiangdong announced at a recent conference that the company plans to apply for stablecoin licenses in all major currency countries worldwide. The goal is to facilitate currency exchange between global enterprises, reducing cross-border payment costs by 90% and improving transaction efficiency to under 10 seconds. Liu highlighted the current challenges faced by businesses, noting that international remittances typically take two to four days and incur significant costs. He expressed JD Group's ambition to extend its payment solutions from business-to-business (B2B) to consumer-to-consumer (C2C) transactions. Liu envisions a future where people can use JD's stablecoin for global purchases, enhancing the ease and speed of international consumer payments.