Crypto : Alibaba prepares a deposit token as China tightens the screw on stablecoins
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As Beijing tightens the grip on stablecoins, Alibaba chooses another path: that of the deposit token backed by banks. This is not a technical detail, it is a full-scale test of the limits of the Chinese model: zero tolerance for private onshore stablecoins, but calculated openness for regulated tokens, useful for exports.
En bref
- Alibaba is preparing a deposit token to simplify cross-border payments without violating China’s strict ban on private…
