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Ant Group: Reports of collaboration to create a rare earth-based RMB stablecoin are false.

2025-08-11 05:12

According to Odaily Planet Daily, Ant Group stated that it has noticed online claims that "Ant Group, the People's Bank of China, and China Rare Earth Group are jointly developing the world's first rare earth RMB stablecoin," and is using this information to mislead investors into considering related sectors. Ant Group has never had any such plans with relevant institutions, and the public is advised to be vigilant and beware of scams. (Cailian Press)