ChainCatcher news, according to Zhitong Finance reports, some online media have recently circulated information related to the "China Rare Earth Group and Ant Group, and the People's Bank of China jointly building the world's first rare earth RMB stablecoin."

In response to this false fabrication, which seriously misleads the public and disrupts financial order, China Rare Earth Group Co., Ltd. stated that it has never engaged in any form of cooperation, consultation, or planning regarding the so-called "rare earth RMB stablecoin" with the relevant institutions or units. This information is maliciously fabricated by criminals, and the general public and investors are advised not to believe or spread it.

The company reminds all sectors of society and investors to be vigilant against illegal financial activities, to be aware of risk prevention, and to guard against property losses. The company has reported to the relevant authorities and demands that the relevant units immediately stop illegal activities such as infringement and fraud.