JD.com, Ant Group push yuan stablecoins to challenge US dollar dominance
JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Aptos stitches stablecoins, tokenized funds and payments into one onchain stack
Aptos' integration of financial services on a single blockchain could redefine digital finance, but liquidity challenges may hinde...
Six Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service
Morgan Stanley is using the DTCC Tokenization Service (DTS) to put U.S. equities and Treasuries into token form, the bank said in...
Less than 10% of stablecoins are deposited in DeFi, Token Terminal finds
The low DeFi stablecoin deposits highlight untapped revenue potential for protocols and underscore Ethereum's dominance in the eco...
After Binance’s $6.3 Billion Hack, Austin Campbell Calls for a 24-Hour Clock on Billion-Dollar Crypto Moves
Crypto hacks reach into the billions partly because the industry designed its systems around technology risk and never adopted the...
Tokenization and stablecoins may weather Democrats' sweep as broader crypto rules face uncertainty
Wall Street's push to bring finance onto blockchain rails may continue under existing laws, though the SEC and CFTC face tougher o...
Chainlink powers compliance framework for onchain bonds with Apex Group, T-REX Network, and ERC-3643 Association
The integration of Chainlink's framework could streamline tokenized bond compliance, potentially accelerating blockchain adoption...