US EditionChina’s Tech Groups Turn to Stablecoins for Growth
8 Articles
8 Articles
STABLECOINS | Chinese Tech Giants Ramp Up Offshore Yuan Stablecoin Lobby as Dollar-Pegged Tokens Dominate Global Payments
China’s tech giants, JD.com and Ant International, the international arm of Alibaba Group’s Ant Group, are taking bold steps into digital currency innovation – but with a twist. Instead of crypto speculation, JD.com and Ant Group are lobbying for state-sanctioned Yuan-pegged stablecoins to compete with the rapidly expanding global influence of U.S. dollar–denominated stablecoins like USDT and USDC. REPORT | Stablecoins Have Become Crypto’s Kill…
Ant International Said to Be Exploring Stablecoin Licenses in Multiple Countries - Fintech Singapore
Ant International, the global arm of Chinese tech firm Ant Group, is evaluating the possibility of applying for stablecoin licenses in several countries, according to comments made during the Reuters Next Conference in Singapore. Kelvin Li Kelvin Li, who leads platform technology at Ant International, explained to Reuters that the company is not looking to support cryptocurrency trading. Instead, it sees stablecoins as a way to streamline intern…
For a long time in the sights of central power, Chinese technology giants are regaining influence. Alibaba, Tencent and ByteDance are relaunching their strategies for external growth and multiplying initiatives in critical technologies. This return is part of an assumed turn of the authorities, who want to make private technology a lever of industrial sovereignty. From the freeze ... Read more The revenge of giants, how Beijing revives Alibaba, …
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