Chinese tech giants JD.com and Ant Group are reportedly urging the central bank to permit them to issue yuan-backed stablecoins to counter the dominance of dollar stablecoins.
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Digital Currency Showdown: Chinese Tech Giants Plot Yuan Stablecoin Strike Against the Dollar
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JD.com and Ant Group are pushing yuan-based stablecoins as part of China’s strategic response to challenge U.S. dominance in digital finance.
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JD.com is one of China’s leading tech giants.
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