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      tldr; Alibaba plans to launch a tokenized global payment network by December, developed with JPMorgan’s tokenization technology. The system will use tokenized fiat, resembling a stablecoin model, to streamline cross-border B2B payments within its $35 billion e-commerce ecosystem. It aims to simplify international transactions, integrating AI-powered smart contracts for automation. The collaboration with JPMorgan could set a precedent for large-scale tokenization in global commerce, potentially moving billions annually.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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