🇨🇳 NEW: JD.com & Ant Group Push for Yuan-Based Stablecoins to Challenge Dollar Dominance 🪙🌏
China’s retail and fintech giants — JD.com and Ant Group — are actively lobbying the People’s Bank of China (PBoC) to approve the launch of yuan-based stablecoins, according to new reports. 🏦💬
The aim: to boost the international use of the yuan in digital payments and challenge the dominance of the U.S. dollar in global commerce. The push comes as China accelerates its digital currency ambitions alongside the development of the e-CNY (digital yuan).
💡 A yuan-backed stablecoin could become a powerful tool in reshaping cross-border trade, remittances, and on-chain finance — with major geopolitical implications.