Ant Group and JD.com Abandon Plans for Hong Kong Stablecoin
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 19 2025Regulatory Action on Stablecoins: Chinese regulators have ordered Ant Group and JD.com to suspend their stablecoin projects in Hong Kong due to concerns over financial stability and the risks posed by private digital currencies.
Historical Context and Implications: This decision reflects China's ongoing cautious approach to digital currencies, mirroring past regulatory actions, such as the suspension of Ant Group's IPO in 2020, and suggests that future initiatives by private firms may continue to face significant scrutiny.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
