🚨 BIG MOVES IN CHINA! 🇨🇳💥
💥$JD.com and Ant Group are now lobbying for the approval of Yuan-backed stablecoins—and they’re not playing small. This bold push aims to counter the global dominance of USD-pegged tokens like $USDT and $USDC
💵🆚💴
💥While the U.S. continues to shape the crypto economy with dollar-based stablecoins, China is stepping up its game, aiming to create a sovereign digital foothold in the evolving world of tokenized finance.
👀 If approved, this could reshape global DeFi dynamics, cross-border payments, and challenge the current USD-stablecoin monopoly.
💥Global DeFi is watching. The East is rising.
#CryptoNews #Stablecoins #China #JDcom #AntGroup #DeFi #DigitalYuan #CBDC #Blockchain #Web3 #CryptoUpdates
