Alibaba is developing a tokenized global payments network, functionally similar to a stablecoin system, using JPMorgan’s tokenization technology to simplify cross-border B2B transactions across its $35B commerce ecosystem. Launching by year-end, the system will use tokenized USD and EUR backed by real deposits, combined with AI-powered smart contracts to automate settlement, disputes, and conditional fund releases. Paired with Alibaba’s new Agentic Pay rail, the initiative aims to make international trade payments faster, cheaper, and more uniform, addressing long-standing friction in global e-commerce.
Alibaba Taps JPMorgan To Build Stablecoin-Like Payments System for Its $35B Commerce Network
