Market News: JD.com and Ant Group Suggest Central Bank Approve RMB-based Stablecoin

Foresight News reports that, according to Reuters, sources have revealed that JD.com and Ant Group are advising the central bank to approve a RMB-based stablecoin. JD.com stated in closed-door discussions with the People's Bank of China that there is an urgent need to use offshore RMB stablecoins as a tool to promote the internationalization of the RMB. In addition, Ant Group is preparing to apply for stablecoin licenses in Hong Kong and Singapore, and is also making preparations for offshore RMB stablecoins.