JD.com Enters Stablecoin Race Amid US GENIUS Act Push

Chinese e-commerce giant JD.com is stepping into the stablecoin arena, with founder Liu Qiangdong revealing plans for a global licensing push aimed at cross-border payments.

The announcement, made during a media briefing in Beijing on Tuesday, came as the US Senate passed the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, a landmark bill establishing federal guardrails for stablecoins.

“We hope to apply for our stablecoin license in all major sovereign currency countries in the world,” Liu said. He outlined that the…