On the eve of the 618 e-commerce festival, JD.com founder Liu Qiangdong made a rare 50-minute speech, revealing the future transformation direction of JD.com. The most notable one was the promotion of the "stable currency globalization" plan. By applying for licenses in multiple countries, he emphasized that stable currency will enhance cross-border payment efficiency and significantly reduce costs, becoming a key financial infrastructure for Chinese brands to go global.
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ToggleJD.com applies for stablecoin licenses in multiple countries: high efficiency and low cost become key weapons
Liu Qiangdong said at the press conference that JD.com has started to apply for stablecoin licenses from major sovereign countries around the world. In the initial stage, it will focus on cross-border settlement of business-to-business (B2B). In the future, it will use "JD.com local currency" as a universal tool for brand transactions and promote it to general consumer (C2C) payment applications:
The SWIFT system currently used by companies takes an average of 2 to 4 days to complete remittances, which is quite costly. Stablecoins can shorten the time to within 10 seconds and reduce payment fees by 90%.
He described that this technology not only improves efficiency, but also has the potential to reshape the cost competitiveness of Chinese brands in international trade.
( Uber CEO: Stablecoins have the potential to become a new tool for international fund transfers )
Liu Qiangdong: Stablecoins are the financial engine for Chinese brands to go global
Stablecoin is not a single product, but a key piece of JD.com's internationalization strategy. Liu Qiangdong pointed out that JD.com is adopting a localized model of "local procurement, local delivery, and local team" to help Chinese brands penetrate the European and American markets. The launch of stablecoin will further simplify the settlement process, reduce tax and compliance barriers, and become a bridge for Chinese companies to "go global":
Today, the quality of Chinese manufacturing has long since departed from past impressions, especially in the field of small household appliances. 98% of global innovations come from China. We must use our technological and supply chain advantages to make the world recognize the high-quality image of "Made in China".
JD.com embraces risk: based on financial technology, promoting business innovation
Behind the promotion of stablecoins is JD.com's independent research and development results in the fields of AI, blockchain , payment and clearing systems over the years. Liu Qiangdong promised that in the future, the pace of "launching an innovative project every year" will be maintained. In addition to stablecoins, six other innovative projects will be gradually released to the public in the next year and a half:
Although some innovative projects may not succeed, if a company does not take risks, it will never succeed.
JD.com's unchanging core belief: All innovations are to empower the supply chain
Even though JD.com has expanded into delivery, hotels, medical beauty and overseas markets, Liu Qiangdong has always emphasized that JD.com's fundamental competitiveness is still the supply chain:
All of our business models, whether it is delivery or digital currency, are ultimately aimed at reducing circulation costs, improving operational efficiency and user experience.
He pointed out that the launch of stablecoins is not for financial speculation, but to achieve a high degree of integration of goods, logistics and capital flows. Among them, "experience, cost, and efficiency" will be the standard for all future business evaluations of JD.com, and will also be the core direction of the stablecoin project.
From food delivery to hotel and catering integration, a look at JD.com's new businesses and policy reforms
In addition to stablecoins, JD.com also disclosed a number of other important plans and operational measures that are currently underway or about to be released, including:
- Delivery business: Since its launch on March 1 this year, it has expanded to employ more than 120,000 full-time delivery staff, emphasizing an operating logic different from Meituan and focusing on the advantage of "fresh food supply chain"
Hotel and catering supply chain integration: The "New Channel Business Department" was established. The first phase is to integrate the supply chains of convenience stores and small catering businesses across the country. Subsequent plans will extend to beauty, medical beauty, medical and health services, reduce channel levels and improve efficiency.
Salary and employee benefits: The monthly salary of deliverymen has been increased to more than 13,000 yuan before tax, and five insurances and one fund are fully implemented, covering all employees from warehousing to delivery.
Flatter organizational reform: Ensure that there are no more than five layers of structure between management and front-line auditors.
From 618 to Web3, JD.com incorporates stablecoins to reshape payment models
In this leap from e-commerce, logistics to financial technology, Liu Qiangdong once again demonstrated his "supply chain philosophy" and long-term planning capabilities. The stable currency plan is not only a technological breakthrough for JD.com, but may also become a financial fulcrum for Chinese companies to expand into the international market.
When cross-border payments become as instant as sending messages, what JD.com has created is not only a technology platform, but also a path to a new global business model.
Risk Warning
Cryptocurrency investment carries a high degree of risk. Its price may fluctuate drastically and you may lose all your capital. Please assess the risk carefully.
As stablecoins gradually become the new infrastructure for digital payments, how to quickly exchange and settle has become a key step. Ubyx, a stablecoin clearing and settlement company founded by former Citibank executives, announced the completion of a $10 million seed round of financing, with Galaxy, Coinbase and VanEck participating in the investment, with the goal of opening up the asset transfer channel between global banks and financial technology startups.
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ToggleBreaking the bottleneck of stablecoin "islands", Ubyx connects the global clearing network
Ubyx is a newly established stablecoin clearing platform that focuses on solving the fragmentation of the stablecoin market and the withdrawal problem that is the most troublesome for users. The platform enables regulated banks and fintech companies to directly and seamlessly convert stablecoins into fiat currencies, significantly reducing the transaction costs and compliance risks of institutional users.
The company was founded by Tony McLaughlin , former head of emerging payments at Citibank, with the goal of joining forces with companies such as Paxos and Ripple to create a global interoperable exchange network and common clearing standards, so that stablecoins can be transformed from scattered "islands" to "digital cash" that can be truly accepted by banks:
Currently, most stablecoins still face two major obstacles. First, each stablecoin issuer must establish its own distribution and exchange network, which is costly. In addition, companies and banks are still unable to effectively and legally list stablecoins as cash equivalents on their balance sheets.
As an intermediary, Ubyx handles deposits, withdrawals and cashing of various stablecoins, and conducts AML, KYC and sanctions screening to provide an efficient and compliant settlement system. It is expected to support multiple blockchains including Solana, Arbitrum, Polygon and Sui, and cooperate with encryption infrastructure such as BitGo, Chainalysis and Fireblocks.
Raised tens of millions of dollars, endorsed by Galaxy, Coinbase and VanEck
Today, Ubyx announced the completion of a $10 million seed round of financing, led by Galaxy Ventures, with participation from Coinbase Ventures, Founders Fund, VanEck, LayerZero and Paxos. The magnificent investment lineup not only symbolizes the market's technical demand for digital payment infrastructure, but also shows high expectations for the development prospects of the stablecoin field.
Bridget Harris, an investor at Founders Fund, said : "As regulation becomes clear and stablecoins continue to expand, we need a clearing system that makes these assets instantly interoperable and fungible."
Ubyx will be launched in Q4, marking the starting point for the mass adoption of stablecoins
Ubyx is expected to be officially launched in the fourth quarter of 2025. The platform will initially focus on compliant exchange and settlement services between stablecoins and fiat currencies, and plans to gradually promote the decentralization of technology and governance in the future. McLaughlin said:
Ubyx's goal is to usher in the era of stablecoin nativeness and allow the payment architecture to truly embrace a multi-currency, multi-chain and global interconnected future.
As the market value of stablecoins exceeds $250 billion , its potential and trend can no longer be ignored. JPMorgan Chase , Amazon, Walmart and many other banks or business giants have all announced or expressed their intention to issue their own stablecoins. Today, the clearing platform created by Ubyx is an important step in institutionalizing and infrastructure-based this force.
As Coinbase Ventures said: "Just as the Internet changed the way we communicate, stablecoins will change the way we pay, and Ubyx is a key player in this revolution."
Risk Warning
Cryptocurrency investment carries a high degree of risk. Its price may fluctuate drastically and you may lose all your capital. Please assess the risk carefully.
The US stablecoin bill "GENIUS Act" was officially passed by the US Senate this morning (6/18), but the final version of the bill did not include the amendments made by Democrats regarding the conflict of interest of the Trump family. The bill will then be sent to the House of Representatives for deliberation. At the same time, US Treasury Secretary Scott Bessent also said that the stablecoin market will reach a "trillion-level" scale. The market is also paying attention to whether Apple, Google, Meta and other technology giants will take advantage of the opportunity to issue their own stablecoins.
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ToggleThe bill is ready to go to the House of Representatives, but Trump's clause is not included
The stablecoin bill "GENIUS Act" was passed overwhelmingly by the Senate with a vote of 68:30, and will now be passed to the House of Representatives for deliberation.
Democrats have repeatedly called for an amendment to investigate the conflict of interest between Trump and the stablecoin USD1 issued by the crypto project World Liberty Financial, but the relevant provisions were ultimately not included in the bill.
Although Republicans have a slight advantage in the House of Representatives, Trump's close relationship with the crypto industry may prompt Democrats to propose amendments again.
Trump’s Cryptocurrency Interests Still in the Spotlight as the CLARITY Act Deliberates in the House of Representatives
In addition to the GENIUS Act, the CLARITY Act, a market structure bill that aims to establish clear regulations for the crypto market structure, has been voted through by the House Agriculture Committee and the Financial Services Committee, and is expected to enter a final vote in the near future.
However, Democrats are still holding on to the issue of "Trump's interest in the crypto industry," and believe that relevant bills need to be added to provide checks and balances.
Corporate giants are moving into the stablecoin market, and the Treasury Secretary said the scale will reach $3.7 trillion
Once the GENIUS Act is passed, many technology, retail and financial institutions are expected to issue their own stablecoins to grab a BTC.
According to reports , Apple, Google, Twitter (X) and Airbnb are closely following the progress of the bill, while well-known retailers such as Walmart and Amazon have also revealed that they will issue their own stablecoins.
U.S. Treasury Secretary Benson also said in a statement:
“By 2030, the stablecoin market could reach $3.7 trillion. The passage of the GENIUS Act will take this goal one step further!”
( Wall Street Journal: Amazon, Walmart plan to issue their own stablecoins )
Risk Warning
Cryptocurrency investment carries a high degree of risk. Its price may fluctuate drastically and you may lose all your capital. Please assess the risk carefully.
