Catenaa, Thursday, June 19, 2025- Chinese e-commerce giant JD.com announced plans to launch global stablecoin payment services to revolutionize cross-border transactions, aiming to cut settlement times to under 10 seconds and reduce costs by up to 90%.
The initiative, led by JD.com founder Richard Liu, is part of a broader effort to rejuvenate the company’s business following years of stagnation. The move positions JD.com at the forefront of digital payment innovation, leveraging blockchain technology to enhance efficiency and lower expenses in international trade.
JD.com’s stablecoin service will target faster settlement processes compared with traditional banking systems, which often take days and incur high fees. By adopting stablecoins, cryptocurrencies pegged to fiat currencies, the company seeks to facilitate near-instantaneous transfers with minimal cost.
This announcement comes amid growing global interest in stablecoins as a means to streamline cross-border commerce, with regulators and financial firms exploring frameworks for their integration. Earlier this week, the US Senate passed the GENIUS Act, setting standards for dollar-backed stablecoins.
JD.com’s entry into global stablecoin services marks a significant step by a major Chinese tech firm in expanding blockchain applications beyond domestic markets, signaling increased competition in the global digital payments arena.
The company has not yet disclosed specific launch dates or regulatory details but emphasized its commitment to secure, compliant, and scalable solutions for international clients.
