According to Sina Finance, people familiar with the matter said that JD.com and Ant Group are recommending that the central bank approve a yuan-based stablecoin. JD.com said in a closed-door discussion with the People's Bank of China that there is an urgent need to use offshore yuan stablecoins as a tool to promote the internationalization of the yuan.
The person familiar with the matter also said that Ant Group is preparing to apply for stablecoin licenses in Hong Kong and Singapore, and is also preparing for offshore RMB stablecoins.
JD.com and Ant Group Propose Central Bank Approval of RMB-Based Stablecoins
2025-07-04 03:04:35
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