JD.com Pushes Global Stablecoin Strategy as China and US Ramp Up Digital Currency Competition
JD.com, China’s major e-commerce company, is entering the global stablecoin market under the leadership of founder Richard Liu. The firm plans to apply for stablecoin licenses in major fiat-currency countries, aiming to cut cross-border payment costs by 90% and reduce settlement times to under 10 seconds, far outpacing existing SWIFT payment systems. The initiative begins with B2B transactions but could expand to consumer payments. This announcement coincides with the US Senate’s passage of the GENIUS Act, advancing stablecoin regulation and intensifying the competition between China and the US in digital currency adoption and cross-border payments. JD.com’s strategy follows China’s moves to internationalize the digital yuan (e-CNY), and the company’s previous integration of DCEP for salary and business payments. These developments underline growing global interest in stablecoin infrastructure, with regulatory clarity and innovation expected to drive accelerated adoption and disruption in cross-border digital payments.
Bullish
JD.com’s move to seek global stablecoin licenses and aggressively cut cross-border payment costs positions the company at the forefront of digital payment innovation. The company’s integration of digital currencies and the regulatory push from both China (with digital yuan) and the US (GENIUS Act) could boost mainstream acceptance and infrastructure around stablecoins. Such strategic moves are likely to increase adoption, liquidity, and investor confidence in stablecoin projects, positively influencing their valuation in both the short and long term. Increased regulatory clarity typically reduces uncertainty, further supporting a bullish outlook for stablecoins and related digital currency ecosystems.