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Alibaba's Cross-Border Division plans to launch an AI subscription service and a stablecoin payment system.
PANews reported on November 14 that Alibaba Group Holding Ltd. is planning to launch an AI-based subscription service through its cross-border e-commerce department, and is collaborating with JPMorgan Chase & Co. to trial a payment solution similar to a stablecoin, aimed at improving the efficiency of cross-border settlements. This plan may allow customers to use this digital payment tool for international trade and service transactions, thereby reducing the risks associated with Exchange Rate fluctuations and settlement time.