Ant Group Denies Rumors of Rare Earth RMB Stablecoin: Never Had Such a Plan with Any Relevant Institution

Ant Group issued an announcement stating that there were online rumors claiming that "Ant Group, People's Bank of China, and China Rare Earth Group are jointly establishing the world's first rare-earth-backed RMB stablecoin." The announcement warned investors to pay attention to this sector. Ant Group has never had such a plan with relevant institutions. The public is advised to be cautious and beware of scams. [BlockBeats]