Stablecoin-related stocks staged a strong rebound during Wednesday’s morning session, led by GCL Energy Technology securing its fourth consecutive daily trading limit up. The sector’s momentum saw Huafon Microfibre surge over 10%, while Kingsoft Corporation, Kolan Software, Hengbao, and Eastcompeace all posted rapid gains.
The rally follows JD.com Chairman Richard Liu’s announcement that the e-commerce giant plans to pursue stablecoin licensing across all major currency jurisdictions. Liu revealed ambitions to revolutionize cross-border payments by reducing transaction costs by 90% and cutting settlement times to under 10 seconds through stablecoin-based solutions for global enterprises.
Tech Giants Enter Digital Currency Race
Market analysts interpret JD.com’s move as a strategic expansion into global financial infrastructure, potentially positioning China’s tech leaders at the forefront of blockchain-based payment innovation. The announcement has reignited interest in companies with digital currency expertise, particularly those with existing partnerships in payment systems or blockchain technology.
The strong performance across both hardware manufacturers (like card producers Hengbao and Eastcompeace) and fintech solution providers (such as Kolan Software) reflects broad market expectations for accelerated adoption of regulated stablecoins in enterprise applications. With JD.com joining Ant Group and Tencent in exploring blockchain-based cross-border solutions, investors appear to be betting on an impending transformation in global trade settlement mechanisms, though regulatory hurdles in various jurisdictions remain significant.
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