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Chinese tech giants halt Hong Kong stablecoin plans amid Beijing concerns: FT

October 19, 2025 by DIGIT
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Chinese tech giants halt Hong Kong stablecoin plans amid Beijing concerns: FT

Ant Group and JD.com have paused their stablecoin initiatives in Hong Kong after Beijing regulators raised concerns over private firms issuing digital currencies.

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  • bitcoinBitcoin(BTC)$89,528.00-3.03%
  • ethereumEthereum(ETH)$3,043.49-3.57%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.04-4.23%
  • binancecoinBNB(BNB)$884.43-2.17%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$132.26-6.80%
  • tronTRON(TRX)$0.2854400.77%
  • staked-etherLido Staked Ether(STETH)$3,034.78-3.87%
  • dogecoinDogecoin(DOGE)$0.138716-6.99%