Ant Group and JD.com have paused their Hong Kong stablecoin plans after Beijing raised concerns about private firms issuing digital currencies, tightening control over offshore crypto activities.

Great no need for more stables! But on the other hand they will all blow up and go to 0 sooner than later anyway.

Top comment by @Milkmaster7

More coverage

• China Tech Giants Hit Pause on Stablecoin Plans Amid China ... (fintechnews.hk)
• Ant Group, JD.com pause Hong Kong stablecoin issuance: FT (crypto.news)
• Beijing Pulls the Plug: Ant and JD Halt Hong Kong Stablecoins (beincrypto.com)
• China's pause on stablecoin projects will not dampen Hong Kong's ... (scmp.com)
• Ant Group and JD.com Suspend Hong Kong Stablecoin Issuance Plan (binance.com)

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