Alibaba’s cross-border e-commerce unit is reportedly working
on a deposit token amid China’s regulatory crackdown on stablecoins, CNBC
reported. Digital
assets meet tradfi in London at the fmls25The report comes after Chinese tech firms, including Ant
Group and JD.com, paused their HongKong
stablecoin plans following guidance from mainland regulators over concerns
about private control of currency‑like instruments.Alibaba Follows JPMorgan with Deposit TokenAlibaba president Kuo Zhang told CNBC that the company plans
to use stablecoin-like technology to streamline overseas transactions…
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