Chinese giants JD and Ant Group demanded the approval of Offshore Stablecoin with YUAN supported by the Central Bank
JD.com and Ant Group are negotiating with the Chinese Bank for the launch of Yuan -indexed stablecoins in Hong Kong. The Stablecoin license regime, which Hong Kong will be commissioned on August 1, increases the region's strategic role in the digital money race.
Stablecoin move from Chinese giants
According to Reuters, JD.com and Ant Group, one of the leading technology companies in China, called on the Chinese Central Bank (PBOC) Hong Kong based on Hong Kong, and called for the approval of Yuan indexed Stablecoin projects.
It is stated that these talks have developed in parallel with the acceleration of the US stablecoin regulations. Last month, the US Senate adopted the historical Genius Stablecoin law and sent it to the House of Representatives. President Donald Trump also called on the Congress to support the law.
🧭 The strategic location of Hong Kong
Hong Kong is China’s outdoor window in terms of offshore Yuan. At the same time, the fact that HKD, the Hong Kong currency, is fixed to the US dollar, increases the need for Yuan -based stablecoin.
As of August 1, 2025, the new Stablecoin license regime will enter into force in Hong Kong.
The license process requires that all companies exporting Stablecoin be compatible with HK regulations.
Among the institutions that are expected to participate in the process are: Standard Chartered, Animoca Brands, JD Coinlink and Ant Group.
🧩 Central Bank maintains its silence
China’s Central Bank (PBOC), Stablecoin and the Central Bank Digital Currency (CBDC) in his previous statements, these technologies have transformed the global payment infrastructure.
PBOC President Pan Gongsheng announced last month that the International Operations Center of E-CNY will be established in Shanghai. However, an official response has not yet been given to the demands of JD and Ant Group.
🌐 Global stablecoin race is hot
JD.com founder Richard Liu said the company aims to obtain Stablecoin licenses not only in Hong Kong but also in more than one country. According to Reuters, Ant Group will apply for a license at Hong Kong.
Hong Kong Financial Secretary Paul Chan said that the new Stablecoin regulations and the role of Hong Kong’s Yuan Foreign Trade Center brought the city to an advantageous position in global digital asset competition.
🧠 Bitb -refugee interpretation
Although crypto operations and mining are banned in the Chinese mainland, Hong Kong’s open approach to arrangements is developing as the Chinese version of the “edited digital currency” model. JD and Ant Group’s initiatives may be decisive in the formation of state -supported web3 infrastructure.
The use of YUAN -supported Stablecoins in international transactions coincides with China’s strategy to expand the non -SWIFT alternative payment systems.
