This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
JD.com, China’s $90 billion e-commerce giant, is launching a stablecoin initiative to slash cross-border payment costs by up to 90%. The move comes as the GENIUS Act gains traction in the U.S., signaling a global shift toward regulated digital currencies.
- JD.com’s stablecoin will debut by 2025, backed by the Hong Kong dollar, with plans to support additional currencies.
- The GENIUS Act, passed by the U.S. Senate, mandates 1:1 reserves and AML compliance for stablecoin issuers.
- Hong Kong’s Stablecoin Ordinance, effective August 1, positions the city as a leader in regulated digital currencies.
📎 Related coverage from: crypto-news-flash.com
Related Tags: Stablecoin