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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)$87,866.00-1.14%
  • ethereumEthereum(ETH)$2,944.35-1.65%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$894.52-0.14%
  • rippleXRP(XRP)$1.87-1.52%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$122.67-3.08%
  • staked-etherLido Staked Ether(STETH)$2,943.84-1.71%
  • tronTRON(TRX)$0.2941760.41%
  • dogecoinDogecoin(DOGE)$0.121664-2.05%