<ul data-eligibleForWebStory="false"><li>Chinese tech giants JD.com and Ant Group are lobbying China's central bank for approval to launch offshore yuan-based stablecoins pegged to offshore yuan, starting in Hong Kong.</li><li>They aim to boost the use of yuan in international transactions, challenging the dominance of dollar-pegged stablecoins globally.</li><li>JD.com plans to introduce a Hong Kong dollar-pegged stablecoin first and expand to yuan stablecoins, while Ant Group eyes stablecoin licenses in Hong Kong, Singapore, and Luxembourg.</li><li>The stablecoin market is rapidly growing globally, with JD.com and Ant Group seeking to ensure the yuan's presence and reduce dollar dominance in digital transactions.</li></ul>

JD.com, Ant Group Lobby China Central Bank to Approve Yuan Stablecoins

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