JD.com, a leading Chinese e-commerce company, is planning to obtain stablecoin licenses in major currencies worldwide. The goal is to reduce cross-border payment costs by 90% and increase payment efficiency to under 10 seconds. Currently, cross-border payments between businesses take an average of 2 to 4 days. After the B-end business is completed, JD hopes to expand the stablecoin to the personal consumption field. The JD stablecoin, developed by JD Binance Technology (Hong Kong), is pegged to the Hong Kong dollar at a 1:1 ratio and is currently in the second phase of sandbox testing. The product will be targeting retail and institutional customers, supporting mobile and PC applications, and will be used in scenarios such as cross-border payments, investment transactions, and retail payments. Apart from JD, companies like Ant Group are also applying for Hong Kong stablecoin licenses.