for retail and institutions PC application products. In the cross-border payment scenario test, JD Stablecoin showed the characteristics of fast transaction speed, low cost and uninterrupted service throughout the year. “This makes it very suitable for current international trade settlement applications. ” Liu Peng said. It is worth noting that Liu Qiangdong repeatedly emphasized at the aforementioned sharing session that all of JD.com's businesses revolve around the supply chain. JD.com's stablecoin is also considered an innovative practice around JD.com's supply chain.
Previously, a technology person who has been deeply involved in the Hong Kong market told Caixin that "JD.com cannot only do stablecoins. It will definitely use stablecoins in its own supply chain to improve supply chain efficiency."
Technology giants join in
Before JD.com's official announcement, Ant Group announced that it would apply for two stablecoin licenses in Hong Kong.
A week agoOn June12, Ant Group's two independent divisions, Ant International and Ant Digits, announced in succession that they would apply for stablecoin licenses. Ant International told Caijing that it is accelerating investment and expanding cooperation in global treasury management, and putting its AI (artificial intelligence), blockchain and stablecoin innovations into real and reliable large-scale applications. Bian Zhuoqun, vice president of Ant Group and president of Ant Digits' blockchain business, said that the core value of stablecoins lies in the expansion of usage scenarios and compliance construction.
“Ant Digits, based on industry and technology, is committed to building digital trading scenarios based on stablecoins and promoting the development of new asset classes with technology as the core of the industry. At the same time, Ant Digits provides a new incremental market for stablecoin transactions and improves transaction efficiency and liquidity by providing a safe, reliable and compliant infrastructure.
”Said Bian Zhuoqun.
Behind the entry of technology giants is the gradually clear attitude of regulators towards stablecoins.
On June June 6
, the Hong Kong SAR Government published the Stablecoin Ordinance (Effective Date) Notice in the Gazette, specifying the date on which the Stablecoin Ordinance will come into effect as August 2025On January 1, 2018, it was announced that this new thing derived from cryptocurrency had obtained legal status in Hong Kong. Eastern TimeJune17On June17, the U.S. Senate voted to pass the "Guide and Establishment of the United States Stablecoin National Innovation Act" (hereinafter referred to as the "
GENIUSAct"), marking the first time the House has approved major cryptocurrency legislation. Next, the bill still needs to be passed by the House of Representatives and signed by the President before it can take effect. June18On June18When Pan Gongsheng, Governor of the People's Bank of China, delivered a public speech at the Lujiazui Forum, he mentioned that "emerging technologies such as blockchain and distributed ledgers have promoted the vigorous development of central bank digital currencies and stable currencies, realizing
‘payment is settlement’ ’, reshaping the traditional payment system from the bottom up, significantly shortening the cross-border payment chain, and at the same time posing huge challenges to financial supervision. Technologies such as smart contracts and decentralized finance will also continue to promote the evolution and development of the cross-border payment system. ”
Public data shows that in 2024, the transaction volume supported by stablecoins will reach 27.6
trillion U.S. dollars, exceeding the global payment giants Visa(Visa) and MasterCard's transaction volume. Currently,Visaand MasterCard have announced that they will include stablecoins in their global payment systems. This means that stablecoins are expected to become the mainstream payment and settlement options in global transactions.The capital market has also given positive feedback on stablecoins. The first global stablecoin stock, Circle, has been listed for less than two weeks and its share price has risen by more than 450%. According to Wind data, in the past two weeks, the A-share stablecoin index has risen by nearly 20%.