Chinese e-commerce giant JD.com is launching its own stablecoin, aiming for global licenses to drastically cut cross-border payment costs by 90% and reduce settlement times to just 10 seconds. This move comes as the US Senate passed the GENIUS Act on June 17, 2025, a landmark bill setting federal rules for stablecoins. JD.com initially targets business transactions but plans to expand to consumer payments, betting on stablecoins to boost its international supply chain business.
Chinese Giant JD.com Enters Global Stablecoin Race
