China Slows Down Initiatives With Stablecoin Issuance

China has reportedly slowed down the pace of stablecoin issuance projects across corporate players.

Companies such as JD.com and Ant Group International have been named as key players who may have been impacted by the recent slow down in the official stablecoin agenda. The country has had an up-and-down history of stopping and continuing policy and public encouragement of digital assets that started since Bitcoin mining became popular across the world. Earlier in the summer, the former filed for the trademark protection of JCoin, while the latter partnered with Circle for USDC integration.

Both are actively awaiting the processes of the stablecoin license carried out by HKMA, which recently announced many submissions had been received for the 2026 rollout, as countries with non-Dollar currencies expand their stablecoin strategy. The underlying narrative also coincides with the broader macro-economic developments and geopolitical tensions as both the U.S. and China compete on tariffs, control of global raw minerals and accumulation of national Gold reserves.