Alibaba Partners With JPMorgan to Test Stablecoin-Based Payments for Cross-Border Trade

Alibaba Group is partnering with JPMorgan Chase to pilot stablecoin-style payment tools aimed at improving the speed and efficiency of international settlements, according to ChainCatcher.Alibaba’s cross-border e-commerce division plans to introduce an AI-driven subscription service alongside the new payment solution. The test will focus on using stablecoin-like instruments to facilitate global trade and service transactions, with the goal of reducing currency-related uncertainty and shortening settlement cycles.