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Ant Group Clarifies No Collaboration in Establishing Rare Earth Stablecoin, Urges Public to Beware of Scams
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Ant Group posted on Weibo, stating that it took note of online claims suggesting Ant Group, in collaboration with the People's Bank of China and China Rare Earth Group, established the world's first rare earth RMB stablecoin.

Such claims are being used to mislead investors into focusing on related sectors, said the group, clarifying that it has never had such plans with the mentioned institutions and urges the public to be discerning and cautious to avoid being deceived.

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