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JD.com and Ant Group are currently proposing for the central bank to approve a RMB-based stablecoin.

2025-07-04 10:46

BlockBeats News, July 4th, According to Reuters, sources familiar with the matter said that JD.com and Ant Group are proposing to 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.


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

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