Core Viewpoint - Alibaba's global business-to-business platform is transitioning to streamline cross-border payments using tokenized currencies, indicating a significant shift towards blockchain-based settlement in global commerce [1]. Group 1: Tokenized Currency Implementation - Alibaba.com plans to utilize tokenized deposits backed by fiat currencies like the U.S. dollar and euro, in collaboration with JPMorgan, to enhance transaction speed and reduce intermediaries in international payments [2]. - The current cross-border trade process involves multiple banks and currency conversions, which increases time and costs; tokenized currency aims to simplify this by enabling direct transfers over a blockchain system [3]. Group 2: Blockchain Infrastructure - The platform will leverage JPMorgan's blockchain-based JPMD infrastructure to facilitate the movement of tokenized deposits among institutional clients, ensuring a more efficient payment process [4]. - Unlike stablecoins, which are typically issued by non-banks, tokenized deposits will be maintained on a regulated bank's balance sheet, providing regulatory and operational clarity [4].

RT Token Terminal 📊 (@tokenterminal)Stablecoin supply by deployment:USD is the most widely tokenized currency.Not a single EUR stablecoin makes it into the top 20 stablecoins by supply. https://t.co/zNvqmjtWpq ...

Stablecoin Market Dominance - USD is the most widely tokenized currency in the stablecoin market [1] - No EUR stablecoin is among the top 20 stablecoins by supply [1]

Cryptocurrency Market Trends - Tokenized versions of the yuan, dirham, ruble, rupee, or yen are predicted to enter the top 20 cryptocurrencies faster than the Euro ($EUR) [1] Geopolitical Implications - The old continent (Europe) is facing criticism for the potential lag in digital currency adoption [1]

🇺🇸🇪🇺 $USD is the most widely tokenized currency, and not a single $EUR stablecoin makes it into the top 20 stablecoins by supply.@SecScottBessent @howardlutnick @DavidSacks https://t.co/1DqjYOanQh ...