Ant Group and JD.com Pressure the People's Bank of China: Advocating for a Stable Yuan Coin, Targeting the Dominance of the US Dollar

Ant Group and JD.com are jointly pushing for the People's Bank of China's approval to launch a yuan-pegged stablecoin in Hong Kong, aiming to break the current dominance of dollar-backed stablecoins in the international market.According to a Reuters report on July 3, sources revealed that these two