JD.com, Ant Group Push for Yuan-Based Stablecoins to Counter Dollar Rule: Reuters

coindesk.com/policy/2025/07/04/jdcom-ant-group-push-for-yuan-based-stablecoins-to-counter-dollar-rule-reuters

China’s JD.com and Ant Group are pressing the central bank to permit yuan-based stablecoins to counter the rise of U.S. dollar-linked digital currencies, Reuters reported on Friday.
They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese…

This story appeared on coindesk.com, 2025-07-04 10:29:40.
The Entire Business World on a Single Page. Free to Use →