Liu Qiangdong: JD.com plans to apply for stablecoin licenses globally to promote cross-border payment cost reduction and efficiency improvement

At a closed-door sharing session for entrepreneurs, Liu Qiangdong, chairman of the board of directors of JD.com Group, publicly stated that JD.com is planning to apply for stablecoin issuance licenses in all major currency countries in the world to build an efficient and low-cost global corporate cross-border payment network.

Liu Qiangdong pointed out that there are obvious time and cost pain points in cross-border remittances between companies. "It takes an average of 2 to 4 days for remittances between companies, and the cost is also quite high." He said that JD.com hopes to reduce cross-border payment costs by 90% and increase payment efficiency to "less than 10 seconds" through a compliant stablecoin mechanism.

"We hope to build a global remittance infrastructure based on stablecoins, starting with corporate payments, and will also penetrate into the consumer end in the future." Liu Qiangdong further stated that the ultimate goal of the JD.com stablecoin project is to promote "global consumers to use JD.com stablecoin payments conveniently when shopping."

According to reports, JD.com plans to start with the B-end (business-to-business) payment scenario to optimize the capital flow efficiency of supply chain settlement, international procurement and cross-border e-commerce. Once the system matures on the enterprise side, it will gradually extend to the C-end (consumer payment) scenario to promote the upgrade of global consumers' daily payment experience.

At present, the regulatory policies for stablecoins in countries around the world are gradually being implemented. The "major global currency countries" mentioned by Liu Qiangdong include the United States, the European Union, Singapore, Hong Kong, China and other key markets. As an important bridge connecting legal currency and digital assets, stablecoins are becoming a key direction for global technology companies to explore financial infrastructure innovation.

Analysts pointed out that if JD.com successfully obtains stablecoin licenses in multiple countries and completes network deployment, it will not only enhance JD.com's competitiveness in the global e-commerce and financial technology fields, but may also have a far-reaching impact on the international cross-border payment landscape.

At present, JD.com has not disclosed the specific progress of the license application and the partners, but the relevant projects have aroused great attention in the industry to Chinese companies' entry into the global Web3 infrastructure.