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Market News: JD and Ant Group Propose PBOC Approve RMB-Based Stablecoin

By: theblockbeats.news|2025/07/04 03:36:45

BlockBeats News, July 4th, according to Sina Finance, sources said that JD.com and Ant Group are proposing to the central bank to approve a RMB-backed stablecoin. JD.com stated in a closed-door discussion 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.

Sources also said that Ant Group is preparing to apply for stablecoin licenses in Hong Kong and Singapore, and is also preparing for offshore RMB stablecoins.

A-share and H-share Concept Stocks of Digital Currency and Stablecoin Lead the Way in Gains, with Guotai Junan International Surging Over 19%

The prediction on Polymarket of "Musk creating a new political party by the end of this year" is currently at 42%.