JD.com and Ant Group Push for Yuan-Backed Stablecoins to Boost Currency's Global Influence
Published at：2025年07月03日 19:25
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Chinese tech giants JD.com and Ant Group are engaging with regulators to seek approval for the development of yuan-pegged stablecoins. The initiative aims to strengthen the Chinese currency's international role and reduce reliance on US dollar-denominated stablecoins in global digital transactions. This strategic move could potentially reshape the landscape of cross-border digital payments by introducing a credible yuan-based alternative to existing stablecoin ecosystems.