JD.com Seeks Global Stablecoin Licenses
China’s JD.com aims for global stablecoin licensing to cut cross-border payments by 90% with sub‑10sec settlement.
- JD.com to apply for stablecoin licenses worldwide.
- Aims to cut cross-border costs by ~90%.
- Settlement time targeted under 10 seconds.
Why JD.com Is Moving Into Stablecoins
JD.com’s chairman, Liu Qiangdong, announced a major push to secure stablecoin licenses across multiple countries—even outside China—to bring costs down nearly 90% and settle cross-border business payments in less than 10 seconds . These improvements aim to disrupt the traditional correspondent banking system, which now takes 2–4 days for transactions .
From B2B to Consumer Payments
Initial focus will be on business-to-business (B2B) transfers, leveraging JD’s proprietary blockchain, Zhizhen Chain, which already supports ~$7 billion in annual supply chain finance . After proving reliability and efficiency, JD plans to roll out consumer-facing stablecoin payments through its e-commerce platform, which serves nearly 600 million users .
Positioning in Global Fintech Race
JD.com joins a growing list of large firms—like Ant Group—that are eyeing stablecoin licensing, especially in hubs like Hong Kong, Singapore, and Luxembourg . Hong Kong’s licensing sandbox, expected to go live with full regulatory approval in August 2025, offers JD a prime launch platform
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