Alibaba’s global B2B marketplace is advancing a tokenized payments strategy by exploring stablecoin-like settlement rails built on JPMorgan’s tokenization technology.
President Kuo Zhang told CNBC that the system aims to streamline cross-border commerce by using tokenized fiat, initially USD and EUR, to deliver faster and more consistent settlement for importers and exporters.
Alibaba also unveiled Agentic Pay, an AI-driven payment rail capable of automating dispute resolution and transactional workflows through smart contracts. While no firm launch date was disclosed, the company emphasized rapid deployment ambitions.
The initiative targets Alibaba’s $35 billion global commerce network and is framed as a closed-loop, bank-backed settlement tool rather than a public stablecoin, with regulatory details still pending.
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