🌟 Photo Sharing Tips: How to Stand Out and Win?
1.Highlight Gate Elements: Include Gate logo, app screens, merchandise or event collab products.
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4.Share Your Story: Sincere captions about your memories, growth, or wishes with Gate add an extra touch and impress the judges.
5.Share on Multiple Platforms: Posting on Twitter (X) boosts your exposure an
JD.com and Ant Group propose a yuan stablecoin to counter USDT
JD.com and Ant Group are urging the People's Bank of China to allow the issuance of a yuan-pegged stablecoin in Hong Kong, in order to counter the dominance of USD stablecoins like USDT.
Two companies have planned to launch the HKD stablecoin after August 1, but believe that a CNH stablecoin is needed to promote the internationalization of the renminbi and reduce dependence on USD.
Currently, over 99% of global stablecoins are pegged to USD. The trading of USDT for commerce in China has increased fivefold since 2021. Export businesses are increasingly turning to USD stablecoins due to concerns over capital controls and exchange rate volatility.