In a bold pivot amid Beijing's escalating crackdown on stablecoins, Alibaba's cross-border e-commerce unit is exploring deposit tokens to streamline overseas transactions, leveraging stablecoin-like blockchain technology. Alibaba president Kuo Zhang revealed in a CNBC interview that...
In a landmark move signed in Singapore, Swiss banking giant UBS has partnered with Ant International—Alipay's global fintech arm—to revolutionize cross-border treasury operations through tokenized deposits. The Memorandum of Understanding (MoU) leverages UBS's Digital Cash platform,...
