Chinese payments giant Alipay has denied supporting cryptocurrency trading through third-party platforms after peer-to-peer marketplace Peer announced a service allowing users to buy and sell USDC with Chinese yuan payments.
Summary
- Chinese payments giant Alipay denied authorizing cryptocurrency trading through third-party platforms following Peer’s USDC announcement.
- Peer launched beta support for buying and selling USDC using Chinese yuan payments through Alipay.
- Peer reported 107 transactions worth approximately $7,094 involving 45 buyers since August 21, 2026.
- Alipay warned customers against unauthorized crypto services, citing risks to their funds and account…
