Alibaba's International Station President, Kuo Zhang, announced the company's initiative to optimize cross-border payments using blockchain tokenization technology. In a recent CNBC interview, Zhang highlighted that this approach enables 24/7 transactions, reduces payment cycles, and lowers fees without initially relying on stablecoins. The system allows European and American buyers to pay in euros or US dollars, bypassing multiple banks, and facilitates real-time fund transfers to locations like Hong Kong and Singapore, ultimately remitting to China. The tokenization currently applies to euros and US dollars, with Alibaba collaborating with JP Morgan Chase to ensure real-time and compliant payments. The company plans to introduce stablecoins in the future to further enhance the system's capabilities.