JD.com and Ant Group suggest that the central bank approve RMB stablecoin

Odaily News According to Reuters, citing people familiar with the matter, JD.com and Ant Group recently proposed to the People's Bank of China to approve the issuance of RMB-based stablecoins. JD.com pointed out in a closed-door discussion that it is urgent to promote the implementation of offshore RMB stablecoins as a key tool to promote the internationalization of the RMB. There are also reports that Ant Group is preparing to apply for stablecoin-related licenses in Hong Kong and Singapore to make preliminary preparations for the issuance of offshore RMB stablecoins. (Sina Finance)