Richard Liu, founder and chairman of JD.com, announced on Tuesday that the company intends to seek stablecoin licenses in several countries as part of a broader initiative to cut down the cost and duration of cross-border transactions.
Jingdong Coinlink, which is a part of JD Group, is working on a new digital currency called a stablecoin in Hong Kong to make global trade and payments easier.
In a June 2025 interview, the firm’s CEO, Liu Peng, who helped build WeChat Pay, stated that the stablecoins are like mobile payments, which are fast, cheap, and clear, unlike risky cryptocurrencies like Bitcoin. He further said that he believes that the stablecoins will change how international trade works.
Hong Kong’s new rules to control stablecoins tied to real money, making the city a key financial center, will start on 1st August, 2025. Since July 2024, JD Group has been testing stablecoins linked to the Hong Kong dollar and other currencies in a special program by Hong Kong’s financial authority.
As per the reports, Liu said tests for cross-border payments, investments, and shopping are going well, with plans to launch JD Stablecoin by late 2025, if approved.
Using JD’s huge online shopping platform, JD Coinlink wants to help businesses make faster and cheaper international payments. It’s also creating stablecoin solutions for other industries in places like Asia, the Middle East, Africa, South America, and Europe.
Liu noted that JD’s stablecoin can process payments in seconds instead of days and cut costs by half compared to older systems, offering a safer, regulated option compared to popular stablecoins like USDT and USDC.
The firm is working with trusted partners to use blockchain technology to help small and medium businesses (SMEs) make payments and get financing more easily. CEO Liu Peng hopes to create a stablecoin tied to China’s currency (RMB) for projects like the Belt and Road, but this needs approval from China’s government.
With the global stablecoin market, worth $250 billion, growing fast, JD Group’s safe and expandable approach could change how international trade and shopping payments work, making Hong Kong a key player in the new digital finance world.
Also Read: Stablecoins Get U.S. Backing as Senate Approves GENIUS Act
