*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.* https://cointelegraph.com/news/jdcom-stablecoin-global-licensing-genius-act 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 stablecoin would be used to enable faster, cheaper global transactions. *“We can reduce payment costs by 90% and deliver within 10 seconds,”* he claimed, contrasting this with the traditional SWIFT system’s two-to-four-day settlement window. JD.com, also known as Jingdong, is an online Chinese shopping platform where you can buy various products, such as: - Electronics (phones, laptops, etc.) - Home appliances - Fashion items (clothing, shoes, etc.) - Groceries - And many more! *Key features:* 1. *Direct sales*: sells products directly to customers, often with fast shipping. 2. *Wide product range*: They offer a vast selection of products from various brands. 3. *Logistics*: has its own logistics network, which enables fast and efficient delivery. *In short*, is a popular online shopping platform in China, offering a wide range of products with convenient delivery options.