On November 14 (UTC+8), Alibaba Group Holding Ltd.'s cross-border e-commerce division is planning to launch an AI-based subscription service and is partnering with JPMorgan Chase & Co. to pilot a "stablecoin-like" payment solution aimed at improving the efficiency of cross-border settlements.
The plan may allow customers to use this digital payment tool to buy and sell international trade and services, thereby reducing the risks of exchange rate fluctuations and settlement times.[PANews]