From Cointelegraph

June 18, 2025 04:23:00 am:

Chinese e-commerce giant JD.com plans to launch a stablecoin for faster, cheaper global transactions. Founder Liu Qiangdong aims to secure licensing in major countries worldwide. The stablecoin could reduce payment costs by 90% and settle within 10 seconds, challenging traditional systems like SWIFT.

JD.com’s stablecoin project may expand to consumer payments after targeting business transactions initially. Despite potential challenges, Liu is committed to the venture. The company plans to go global while maintaining its supply chain-focused business model.

People’s Bank of China announced plans to establish an international digital yuan center in Shanghai, aiming to reduce reliance on the US dollar. JD.com began using China’s Digital Currency Electronic Payment system in 2021 for various transactions. Interest in stablecoins is increasing with new regulatory reforms.

The US Senate passed the GENIUS Act to regulate stablecoins, marking a significant step towards stablecoin infrastructure development. Stablecoin issuer Circle CEO Jeremy Allaire believes the industry is approaching a breakthrough moment akin to the iPhone’s impact on technology. The bill faces potential hurdles in the House before becoming law.

Read more at Cointelegraph.com

1. Bitcoin hits new all-time high of $65,000, fueled by increased institutional interest and growing mainstream acceptance. Market cap surpasses $1.2 trillion. Experts predict continued growth as more companies adopt cryptocurrency as a form of payment.

2. Ethereum reaches new record high of $2,500 as demand for decentralized finance (DeFi) platforms continues to surge. Market cap exceeds $300 billion, signaling strong investor confidence in the future of blockchain technology.

3. Dogecoin experiences 1000% increase in value, reaching $0.50 as Elon Musk tweets about the meme-inspired cryptocurrency. Retail investors flock to Dogecoin, driving up trading volume to new highs. Market cap surpasses $60 billion, making it one of the top 5 cryptocurrencies by market capitalization.: JD.com Enters Stablecoin Race Amid US GENIUS Act Push