JD.com and Ant Group Advocate for Yuan-Backed Stablecoins to Reduce Dollar Dominance
Published at：2025年07月03日 19:36
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Chinese tech giants JD.com and Ant Group are reportedly urging regulators to approve the issuance of yuan-pegged stablecoins, aiming to elevate the Chinese currency's global influence and provide an alternative to US dollar-linked digital assets. This strategic move could potentially reshape the stablecoin market landscape by introducing a credible fiat-backed challenger to dollar-dominated cryptocurrencies.