The "regular army" in the cryptocurrency circle is entering the market collectively.

Liu Qiangdong boasts a 90% cost reduction! JD.com is applying for stablecoin licenses globally, aiming to revolutionize cross-border payments.

JD.com Group Chairman Liu Qiangdong recently announced that JD.com is planning to apply for stablecoin licenses in major currency countries worldwide. The goal is to reduce cross-border payment costs by 90% globally and improve payment efficiency to under 10 seconds. Currently, cross-border B2B remittances typically take two to four days to complete, and JD.com's move aims to disrupt the traditional payment model.

The JD.com stablecoin project, led by its subsidiary JD CoinChain Technology (Hong Kong), utilizes a 1:1 Hong Kong dollar peg and is currently in the second phase of sandbox testing. The stablecoin will serve retail and institutional clients, supporting both mobile and desktop operations and covering multiple scenarios such as payments, investment transactions, and retail consumption.

Liu Qiangdong also revealed that once enterprise applications are stable, JD.com will expand its stablecoin offerings into the personal consumption sector.

Besides JD.com, giants such as Ant Financial are also actively applying for stablecoin licenses in Hong Kong, demonstrating that established players in the cryptocurrency world are entering the market en masse.