According to Sina Finance, JD.com and Ant Group are recommending that the central bank approve a yuan-based stablecoin, according to people familiar with the matter. JD.com said in a closed-door discussion with the People's Bank of China that there is an urgent need to use offshore yuan stablecoins as a tool to promote the internationalization of the yuan. Ant Group is preparing to apply for stablecoin licenses in Hong Kong and Singapore, and is also preparing for offshore yuan stablecoins, the people said.
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