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Alibaba's cross-border business plans to collaborate with JPMorgan to test a stablecoin payment solution.

On November 14, according to CNBC, Alibaba Group's cross-border e-commerce division is planning to launch an AI-based subscription service and is collaborating with JPMorgan to test a “stablecoin-like” payment method to enhance cross-border settlement efficiency. The report indicates that this payment tool may be used for international trade and service transactions, aiming to drop the uncertainty brought by exchange rate fluctuations and shorten settlement time.

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