Chinese tech giants JD.com (JD) and Ant Group are lobbying Chinese policymakers to authorise offshore RMB-pegged stablecoins in Hong Kong to boost yuan internationalisation and counter the dominance of USD-linked cryptocurrencies, Reuters reports
- The proposal has gained positive feedback amid concerns over dollar stablecoins undermining yuan use in trade settlement.
03 Jul 2025 - 08:01- Forex- Source: Reuters
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