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

ChainCatcher news, according to Sina Finance, JD.com and Ant Group recently suggested to the People's Bank of China to approve the issuance of a stablecoin based on the renminbi. JD.com pointed out in closed-door discussions that there is an urgent need to promote the implementation of offshore renminbi stablecoins as a key tool for advancing the internationalization of the renminbi.

Additionally, it is reported 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 renminbi stablecoins.