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Cryptocurrency Cointelegraph

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.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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.

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 Cointelegraph

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