JD.com is making a bold entry into the digital finance space. Founder and chairman Richard Liu announced on Tuesday the company’s plan to apply for stablecoin licenses in multiple countries, aiming to streamline global business transactions and slash cross-border payment costs.
Speaking at a press conference in Beijing, Liu said JD.com will seek approval to issue stablecoins tied to major sovereign currencies. The initiative targets global B2B transactions and aims to reduce costs by up to 90%, while enabling transfers in as little as 10 seconds.
“We hope to apply for our stablecoin license in all major sovereign currency countries around the world,” Liu said, emphasizing the company’s intent to bypass SWIFT’s expensive and time-consuming infrastructure.
Liu added, “One day, we hope global consumers will be able to use JD’s coin for seamless international transactions.”
JD.com’s stablecoin push comes as nations, especially the U.S., move toward clearer regulations for dollar-pegged digital assets. The regulatory tailwinds may offer JD a strategic opening to position itself early in a potentially transformative sector for payments and finance.
Liu’s remarks followed comments from People’s Bank of China Governor Pan Gongsheng, who said Wednesday that stablecoins and blockchain technology are revolutionizing the traditional payment system. Pan acknowledged these innovations bring both efficiency gains and regulatory challenges.
With China recognizing the impact of stablecoins on financial infrastructure, JD.com’s stablecoin ambitions could position the tech giant at the forefront of a rapidly evolving digital finance landscape.
