

JD.com and Ant Group Push for Yuan-Backed Stablecoins in Global Power Play
Summary: Why are JD.com and Ant Group pushing for yuan-backed stablecoins? JD.com and Ant Group want yuan-backed stablecoins to boost the yuan’s global role and offer an alternative to U.S. dollar-pegged tokens. They’ve urged the PBOC to launch the initiative in Hong Kong, aiming