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Alibaba Develops Deposit Token to Sidestep China’s Fierce Stablecoin Crackdown: Report
Alibaba's e-commerce division has been working on a bank-backed deposit token for international transactions as Chinese regulators have tightened restrictions on stablecoins in Hong Kong. source: https://cryptonews.com/news/alibaba-deposit-token-china-stablecoin-crackdown/
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