China Rare Earth Group, Ant Group quash reports of joint stablecoin effort with PBOC

China Rare Earth Group, Ant Group, and the People’s Bank of China (PBoC) have come forward to deny rumors that claim they plan to launch a joint effort to deploy a rare earth-backed RMB stablecoin. China Rare Earth Group and Ant Group issued statements refuting the claims that have been making the rounds on the […] source: https://www.cryptopolitan.com/china-rare-earth-ant-quash-stablecoin-report/