Alibaba weighs deposit token as China clamps down on stablecoins: Report

China’s Stablecoin Crackdown Spurs Alibaba’s Shift to Tokenized Fiat

As Beijing tightens restrictions on stablecoins, Alibaba pivots to regulated, tokenized bank deposits to modernize cross-border commerce without… The post China’s Stablecoin Crackdown Spurs Alibaba’s Shift to Tokenized Fiat appeared first on IMP.NEWS.

Alibaba Plans Deposit Tokens as Ant Group and JD.com Halt Under Mainland Stablecoin Restrictions

Alibaba’s cross-border e-commerce unit is reportedly working on a deposit token amid China’s regulatory crackdown on stablecoins, CNBC reported. Digital assets meet tradfi in London at the fmls25The report comes after Chinese tech firms, including Ant Group and JD.com, paused their HongKong stablecoin plans following guidance from mainland regulators over concerns about private control of currency‑like instruments.Alibaba Follows JPMorgan with D…

Alibaba Mulls Deposit Token Amid China's Stablecoin Pushback

The cross-border e-commerce arm of Chinese tech leviathan Alibaba is dealing with a deposit token amidst mainland China’s crackdown on stablecoins, according to CNBC. Alibaba president Kuo Zhang informed CNBC in a Friday report that the tech huge strategies to utilize stablecoin-like innovation to improve abroad deals. The design under factor to consider is a deposit token, which is a blockchain-based instrument that represents a direct claim on…

Alibaba weighs deposit token as China clamps down on stablecoins: Report

Alibaba’s overseas commerce arm is reportedly crafting a regulated deposit token to streamline cross-border payments amid Beijing’s escalating stablecoin crackdown.