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China’s tech groups turn to stablecoins for growth

8 July 2025
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China’s tech groups turn to stablecoins for growth
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Despite a ban on cryptocurrencies in mainland China, interest in stablecoins is rising among policymakers, particularly as Hong Kong prepares to implement stablecoin licensing rules. Companies like JD.com and Ant Group are poised to capitalize on potential revenue from renminbi-pegged stablecoins, enhancing trade efficiency and enabling new income streams, thereby reducing reliance on consumer cycles and bolstering China’s monetary status.

Explain It To Me Like I’m 5:

China is looking at new digital money called stablecoins to help businesses trade better, even though regular cryptocurrencies are not allowed there.

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Tags: ChinasgroupsgrowthstablecoinsTechTurn
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