Chinese exporters are increasingly using dollar-pegged stablecoins as overseas merchants send payments in USDT, according to HashKey chairman Xiao Feng.
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Chinese Tech Giants Alibaba and JD.com Urge Central Bank Approval for Yuan-Based Stablecoins
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Xiao Feng, HashKey chairman, highlighted the growing reliance on USDT by Chinese exporters, a trend that JD.com and Ant Group are directly responding to through their push for yuan-based stablecoins.
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