Alibaba weighs deposit token as China clamps down on stablecoins: Report

Alibaba’s global e-commerce arm is reportedly developing a bank-backed deposit token for cross-border payments as Beijing tightens its crackdown on stablecoins. source: https://cointelegraph.com/news/alibaba-jumps-on-deposit-tokens-amid-china-s-stablecoin-crackdown?utm_source=rss_feed&utm_medium=rss%3F_ts%3D1763124259631%26_q%3D1763124259631%26_refresh%3Dt6lr1h%26_t%3D1763124259631&utm_campaign=rss_partner_inbound