The global stablecoin market is currently small at about $247 billion, according to crypto data provider CoinGecko. However, Standard Chartered Bank estimates it could grow to $2 trillion by 2028.
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China's tech giants lobby for offshore yuan stablecoin, sources say
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JD.com and Ant Group are lobbying for yuan stablecoins as the global stablecoin market rapidly grows, with projections of the stablecoin market reaching $2 trillion by 2028, as stated by Standard Chartered Bank.
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