Both companies already plan to issue Hong Kong dollar-backed stablecoins, but argue that offshore yuan tokens are urgently needed as strategic tools for cross-border commerce.
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Chinese Tech Giants Alibaba and JD.com Urge Central Bank Approval for Yuan-Based Stablecoins
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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.
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