Giant Chinese E-Commerce JD announces plans to launch a stablecoin

The Chinese e -commerce giant announced that it seeks licenses to broadcast Stablecoins in countries with sovereign coins.

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• JD.com He wants to reduce the cost of cross -border transfers with his stable.
• Its founder Richard Liu revealed that the system could make payments in just 10 seconds.
• The announcement occurs in the midst of a growing competition between Chinese companies for dominating the Stablecoins market.

JD.com, One of China’s biggest electronic commerce platforms, revealed on Tuesday ambitious plans to enter the Stablecoins sector, so they are interested in issuing their own digital currency.

In this regard, the founder and president, Richard Liu, announced that They will seek to obtain licenses to operate STABLECINS in countries that issue sovereign currencies, with the aim of facilitating international transfers between companies.

During a press conference in Beijing, reviewed by The BlockLiu explained that the goal is to achieve a global network of payments that eliminates current barriers. “We hope to request our Stablecoin license in all countries with important sovereign currencies, to allow global transfers between companies.”he declared.

The businessman said that Its initiative has the potential to reduce cross -border payments by 90%, processing operations in just 10 seconds. “Someday, we hope that global consumers can use the JD currency for international friction transactions”Liu added.

A new battlefield for Chinese companies

The announcement positions JD.com In the center of a growing competition for the control of the Stablecoins market, especially among China’s technological giants. In recent weeks, the sector has witnessed multiple strategic movements by the country’s main platforms.

In early June, JD Coinlink —A subsidiary of JD.com— He tested with Stablecoins linked to the Hong Kong dollar, as indicated Bloomberg Businessweek. In parallel, the International Unit of Ant Groupparent company Alipay, He announced that he also plans to request a license to issue Stablecoins in Hong Kong.

This phenomenon is not limited to China. The regulatory acceleration around the stablecoins linked to the US dollar has encouraged governments around the world to consider its own normative frameworks. The Asian giant, although it has been against the adoption and use of cryptocurrencies, seems to be adapting to the new global financial panorama.

Reactions from the Chinese Central Bank

On Wednesday, Pan Gongsheng, governor of the Popular Bank of Chinarecognized the transforming role of technology Blockchain and the stablecoins in the financial system.

During a conference, Gongsheng said that these technologies have significantly improved efficiency in international payments, although they also represent new regulatory challenges.

These statements indicate a position change by the Chinese Central Bank, which in previous years adopted a more restrictive attitude towards non -state digital assets. Now, with a more pragmatic vision, the authorities seem willing to allow certain innovations in regulated environments.

Financial context and global ambitions

The financial support of JD.com It also strengthens its ability to carry out this expansion. The company reported income from RMB ¥ 301.1 billion (USD $ 41.5 billion) during the first quarter of 2025, an increase of 16% compared to the previous year.

In all 2024, JD reached annual income of RMB ¥ 1,158.8 billion (USD $ 158,800 million), consolidating itself as one of the leading platforms next to Alibaba and Pinduoduo.

This volume of operations positions JD.com as a key actor in the digital financial system. By taking advantage of its infrastructure and international network, the firm could accelerate the adoption of stable currencies for global trade.

The vision presented by Richard Liu not only represents a technological commitment, but also an attempt to redefine the flow of money at a global scale. Yeah JD It manages to implement an effective stablocoin, with licenses in multiple jurisdictions, it could become an viable alternative to the system Swift For international transfers.

However, the success of this project will depend on both government support and cooperation with banks and companies abroad. The race for stable currencies just begins, and JD.com It is already emerging as one of the strongest contenders.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Unspash

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