
China Orders Ant Group and JD.com to Pause Stablecoin Plans in Hong Kong
China halts Ant Group and JD.com’s stablecoin plans amid concerns over competition with the digital yuan.

China halts Ant Group and JD.com’s stablecoin plans amid concerns over competition with the digital yuan.

JD.com and Ant Group are making a fresh appeal to China’s central bank. They want approval to launch stablecoins pegged to the offshore yuan. These coins would operate first in

China halts Ant Group and JD.com’s stablecoin plans amid concerns over competition with the digital yuan.

JD.com and Ant Group are making a fresh appeal to China’s central bank. They want approval to launch stablecoins pegged to the offshore yuan. These coins would operate first in