Founder Richard Liu of JD.com has announced plans to seek stablecoin licenses in several countries to optimize international transactions.
JD.com's Plans for Stablecoins
Richard Liu, founder and chairman of JD.com, stated that the company aims to create stablecoins to cut costs and duration of international money transfers. JD Coinlink, a part of JD Group, is working on a new digital asset in Hong Kong.
HK Dollar and Stablecoin Testing
As of August 1, 2025, new regulations controlling stablecoins will come into effect in Hong Kong, bolstering the city's status as a key financial center. Since July 2024, JD Group has been testing stablecoins linked to the Hong Kong dollar and other currencies.
Future of International Payments via JD.com
Liu noted that the stablecoins can process payments in seconds and cut costs by half compared to older systems. He also hopes to create a stablecoin tied to the Chinese yuan (RMB) for projects like the Belt and Road.
With the growing stablecoin market worth $250 billion, JD Group's approach could significantly alter the landscape of international trade and payments, positioning Hong Kong as a key player in the new digital finance world.
