JD.com And Ant Group Lobby China Central Bank For Offshore Yuan Stablecoins To Boost Yuan And Counter USDT - Data Intelligence

China's tech giants push for offshore yuan stablecoins amid global crypto race

In a significant move that could signal a shift in China’s crypto policy, tech giants JD.com and Ant Group, an affiliate of Alibaba, are reportedly urging the People’s Bank of China (PBOC) to approve yuan-pegged stablecoins. The proposal aims to counter the growing dominance of U.S. dollar-linked cryptocurrencies and boost international use of the Chinese currency. According to sources familiar with the matter, both firms have been engaging in c…

JD.com And Ant Group Lobby China Central Bank For Offshore Yuan Stablecoins To Boost Yuan And Counter USDT - Data Intelligence

China’s leading technology companies, including JD.com and Alibaba’s fintech affiliate Ant Group, are actively lobbying the People’s Bank of China to authorize the issuance of yuan-based stablecoins China’s leading technology companies, including JD.com and Alibaba’s fintech affiliate Ant Group, are actively lobbying the People’s Bank of China to authorize the issuance of yuan-based stablecoins. These proposed stablecoins would be issued offsho…