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Market News: JD and Ant Group Suggest PBOC Approve RMB-Based Stablecoin

Summary: According to reports from Sina Finance, sources indicate that JD and Ant Group are suggesting the People's Bank of China approve a stablecoin based on the RMB. JD, in closed-door discussions with the PBOC, emphasized the urgent need for an offshore RMB stablecoin as a tool to promote the internationalization of the RMB. Sources also ...

According to reports from Sina Finance, sources indicate that JD and Ant Group are suggesting the People's Bank of China approve a stablecoin based on the RMB. JD, in closed-door discussions with the PBOC, emphasized the urgent need for an offshore RMB stablecoin as a tool to promote the internationalization of the RMB.

Sources also mentioned that Ant Group is preparing to apply for stablecoin licenses in Hong Kong and Singapore, as well as making preparations for an offshore RMB stablecoin.

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Link: Market News: JD and Ant Group Suggest PBOC Approve RMB-Based Stablecoin [Copy]

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