But in closed-door discussions with the People's Bank of China, JD.com has argued that offshore yuan stablecoins are urgently needed as a tool to promote yuan internationalisation, the sources told Reuters.
Quote
Sources
China's tech giants lobby for offshore yuan stablecoin, sources say
Referenced by
JD.com allegedly argued in closed-door discussions with the PBOC that offshore yuan stablecoins are urgently needed to promote yuan internationalization and cross-border commerce.
Crypto news
Claim