Chinese e-commerce giant JD.com plans to make an international foray into stablecoins – cryptocurrencies backed by a reference asset, typically a fiat currency like the US dollar – as these tokens are poised to become a major cross-border payment tool, according to founder and chairman Richard Liu Qiangdong.
“JD.com intends to secure stablecoin licences across key currency markets globally … to reduce cross-border transaction costs by 90 per cent,” Liu said in a media briefing on Tuesday. “We…
