Alibaba Plans Deposit Tokens as Ant Group and JD.com Halt Under Mainland Stablecoin Restrictions
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 fmls25 The 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…