Alibaba's cross-border business plans to launch an AI subscription service and test a stablecoin-like payment solution

ChainCatcher reported that 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 "quasi-stablecoin" 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 reduce uncertainties caused by exchange rate fluctuations and shorten settlement times.