Considering the rapid advancement of the stablecoin law in Hong Kong recently, the issuance of stablecoins by JD.com, the popularity of cryptocurrency stocks (such as Circle) in the market, the successful application of Guotai Junan, and even the rush from Singapore, it is always felt that there will be a major reshuffle in the cryptocurrency market. Let's talk about the topic of JD stablecoin first, as this move may have been underestimated by the cryptocurrency industry itself. After seeing the return of the Great Hadron, JD.com has taken frequent actions, especially the launch of stablecoins, which makes people doubt whether JD.com is playing a big game? Let's take a closer look at the timeline. Since the Minnesota incident, Liu Qiangdong has gradually faded out of the public eye. Even at the beginning of this year, many people were confidently saying that Da Qiangzi was no longer here, probably already one year old. Some even used a video of Liu's father going to Beijing for the Chinese New Year to say that he forced a smile to cover up the news of Liu Qiangdong's absence. During this period, JD.com was even taken over by the second generation of red celebrities, and there were many negative news such as Yang Li being hired as a spokesperson. But since the video of Liu Qiangdong wearing JD's red takeout outfit and eating and drinking with delivery drivers leaked, Liu Qiangdong has once again returned to JD as the founder to vigorously rectify the business. The first big move after the return of the Great Hadron is to launch a food delivery business, strengthen the density of the logistics network, lay out the last mile, enhance manpower reserves, strengthen instant delivery capabilities, and lay the foundation for local retail. By entering the food delivery industry, JD.com has improved its logistics system and supply chain. In recent leaked videos, Liu Qiangdong emphasized the significance of issuing stablecoins. It claims to be preparing to apply for a global license and relying on JD's strong logistics supply chain system to promote the circulation of RMB in cross-border transactions through stablecoin payments. Form a closed loop of "goods going to sea+RMB settlement", and finally sell Chinese goods to the global market, especially the countries along the "the Belt and Road" through cross-border e-commerce platforms. Gradually forming a "commodity renminbi" similar to the "petrodollar", ultimately relying on China's strong manufacturing industry to support the internationalization of the renminbi. I didn't expect the internationalization of the Chinese yuan, which we talk about every day, to quietly start from this moment. It can be said that if the Big Hadron move is successfully implemented, it will indeed be high. It can not only integrate JD's existing advantages to reduce costs and improve efficiency, but also open up new markets in the financial payment field. It can also enjoy the dividends of national support and contribute to the internationalization of the RMB, which can be described as killing three birds with one stone. It has to be said that as a grassroots entrepreneur, Da Qiangzi does have two brushes, which I admire.