The post JD .com y Ant impulsan las stablecoins en yuanes para rivalizar con los tokens en dólares appeared on BitcoinEthereumNews.com.

China’s e-commerce heavyweight JD.com and Ant Group, the fintech arm of Alibaba, are lobbying the People’s Bank of China (PBOC) to greenlight Chinese yuan-based stablecoins to counter the global rise of US dollar-pegged tokens. The two firms urged regulators to allow stablecoins backed by offshore yuan (Chinese yuan that circulates outside mainland China) to launch in Hong Kong, arguing it would strengthen the yuan’s role in global trade while limiting the dollar’s influence, Reuters reported Thursday, citing sources familiar with the matter. Per the report, during recent private meetings with the PBOC, JD.com executives argued that yuan stablecoins are urgently needed to promote the currency’s international use. JD.com and Ant are reportedly preparing to apply for stablecoin licenses in Hong Kong and Singapore. JD.com has also allegedly proposed starting yuan stablecoin issuance in Hong Kong before expanding pilots to China’s free trade zones, with early feedback from regulators described as positive. Related: Stablecoins are becoming ‘default settlement layer’ for internet: Alchemy Inefficient yuan payments risk dollar dominance In May, the yuan’s share of global payments slipped to 2.89%, its lowest in nearly two years. The dollar holds a commanding 48% share, Reuters reported, citing data from payment platform Swift. Industry veteran Wang Yongli, former deputy head of Bank of China, warned last month that if yuan cross-border payments remain less efficient than dollar stablecoins, it poses a strategic risk for China, per the report.   The discussions come as Hong Kong races to establish rules for stablecoins. Last week, the region announced its new digital asset plan, which centers on regulating stablecoins and promoting asset tokenization through its “LEAP” framework, aiming for legal clarity, ecosystem growth, real-world adoption and talent development. As part of the new framework, the government will implement a licensing regime for stablecoin issuers starting Aug. 1, which…

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Filed under: News - @ July 4, 2025 5:27 am