Crypto Driver

06/18 06:38

In a bid to license stablecoins around the world,

In a bid to license stablecoins around the world, JD.com Chairman Liu Qiangdong wants fiat-pegged tokens to do what banks can’t: settle in seconds. His vision calls for 10-second settlements across continents, anchored in licensed stablecoins and JD’s own e-commerce empire.

E-commerce tech company JD.com is reportedly seeking stablecoin licenses in major economies, with Chairman Liu Qiangdong revealing plans to revolutionize cross-border payments during a corporate exchange session on June 17.

In a briefing Monday reported by Sina Technology, Qiangdong outlined an ambitious plan to use blockchain-based stablecoins to cut international transaction times from days to seconds, while cutting costs by 90%.  If successful, the move would be the first real challenge to SWIFT's stranglehold on global corporate transactions in decades.

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