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by: xpoolPosted on: November 14, 2025

Alibaba Develops Deposit Token Amid China’s Stablecoin Crackdown

Chinese tech giant Alibaba is developing a deposit token as part of its efforts to streamline international transactions, according to CNBC. The company plans to utilize this stablecoin-like technology in response to China’s crackdown on stablecoins. Notably, Alibaba president Kuo Zhang outlined the company’s plans, stating their intention to leverage blockchain for seamless overseas payments.

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  1. China Tightens Crypto Controls, Targeting Illegal Operations
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  3. Why is Alibaba’s US-Listed Stock Up Before Market Open?
  4. EngineAI Aims for $1 Billion Valuation Amidst Speculation
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