JD.com plans to apply for a global stablecoin license, targeting the cross-border payment market.

According to Gate News bot, as reported by Sina Finance, Liu Qiangdong, the chairman of JD Group, announced the company's stablecoin development plan at a sharing session. JD is working on applying for stablecoin licenses in major currency countries around the world, aiming to optimize the foreign exchange process between global enterprises.

Through stablecoin technology, cross-border payment costs will be reduced by 90%, and processing time will be shortened to within 10 seconds. Liu Qiangdong stated: "Currently, remittances between enterprises take an average of 2 to 4 days, and the costs are quite high. After completing B-end payments, we will penetrate into C-end payments, hoping that one day everyone can use JD stablecoin for payments when consuming worldwide."

Original link