The Chinese e -commerce giant JD.com enters Stablecoin Square, where the founder Liu Qiangdong revealed global licensing plans aimed at border payments.
Advertising, to make During a media briefing in Beijing on Tuesday, the US Senate came Directing and creating the national innovation for Stablecoins for usOr a genius law, a historical bill creates federal handrails for Stablecoins.
“We hope to apply for a stablecoin license in all the world’s main currency countries,” said Liu. Create that Stablecoin will be used To enable global transactions faster and cheaper.
“We can reduce 90 % payment costs and deliver within 10 seconds,” he claimed, on the contrary, with the traditional Swift System to four to four days.
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JD.com Stablecoin plans to expand retail
Initially, B2B Business Transactions (B2B) targeted, JD plans to finally extend to consumer payments. “After completing the B-SIDE payment, we can move towards the C-SIDE payment,” Liu pointed out, which hints of the wider retail sales aspirations.
Liu mentioned that their ambitious project may face challenges and even failure, but he said that “how business works.”
JD.com is pushing to go to Global while sticking to the business model that focuses on the supply chain. “We will not do new models anymore,” Liu said. “But we will deepen and take off the seven or eight parties of the current business […] And made them international companies. “
On Wednesday, the Governor of the Popular Bank of China Ban Gongsheng Declare It plans to create an international center for Yuan Digital Operations in Shanghai, where the country has accelerated efforts to write the digital yuan and reduce global dependence on the US dollar.
In 2021, JD.com started Using the electronic payment of digital currency in China (DCEP) System for paying employee salaries, B2B payments and crossed settlements.
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The interest in Stablecoins rises with new regulations
Pusing JD.com comes to the Stablecoin sector amid a growing interest in Stablecoin in the world, with new regulatory reforms.
On Tuesday, the Senate Genius has passed. Draft Initially failed to vote At the Senate in May, in response to the democratic opposition of US President Donald Trump, the connected currency industry links.
However, last week, in 68-30 votes, the Senate Voice to summon the stroke of the draft lawPreparing for full discussion and vote.
The draft law may still face obstacles in the Republican House of Representatives.
Last week, the CEO of Stable Screen Circle Jeremy Allaire He suggested that the moment of penetration stablecoin Not far. “We are not yet at the moment of iPhone when developers realize everywhere the strength and opportunity of diaphragmatic dollars on the Internet in the same way that they have seen the opening of programming mobile devices.”
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