Chinese tech giants are urging the central bank to grant them permission to issue yuan-backed stablecoins in a bid to challenge the growing dominance of dollar-based stablecoins. Countering Dollarization of the Digital Economy Chinese tech giants JD.com and Ant Group are reportedly urging the central bank to permit them to issue yuan-backed stablecoins to counter […]
Source: https://news.bitcoin.com/digital-currency-showdown-chinese-tech-giants-plot-yuan-stablecoin-strike-against-the-dollar/