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JD.com Aims to Revolutionize Cross-Border Payments with Stablecoins
JD.com Aims to Revolutionize Cross-Border Payments with Stablecoins
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JD.com, led by chairman Liu Qiangdong, unveiled plans to leverage stablecoins for cross-border transactions, targeting faster settlements and reduced intermediary reliance. The initiative, piloted through subsidiary Jingdong Coinlink Technology in Hong Kong''s regulatory sandbox, seeks to slash traditional B2B payment timelines from days to under 10 seconds.
The company''s proprietary blockchain, Zhizhen Chain, already processes $7 billion annually in supply chain finance. By eliminating correspondent banks and clearinghouses, JD envisions direct business-to-business stablecoin settlements, with eventual expansion to consumer platforms.
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