China's Big Tech Wants Yuan Stablecoin to Break USDT’s Lead

2025-07-03 02:32:17

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Story Highlights* JD.com and Ant Group are urging China’s central bank to approve a yuan-pegged stablecoin in Hong Kong.

The move aims to counter USDT’s growing dominance in global trade and digital payments.
If approved, it could mark a major shift in China’s crypto stance and boost yuan internationalisation.

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