Ant Group deny say dem get stablecoin wahala: No rare earth RMB token
Ant Group don officially talk say dem no dey involved for any rare earth-backed RMB stablecoin wahala wey talk say dem go co-develop am with People’s Bank of China and China Rare Earth Group. For statement wey dem release on August 11, dem talk say dem never plan make any commodity-backed token and warn investors make dem check sources well to avoid crypto scam and wrong talk. This one happen as China dey push their e-CNY digital yuan waka. Unlike government-backed CBDC, private rare earth-backed stablecoin go face strong regulation wahala. Traders suppose note say this denial fit reduce speculative wahala for rare earth RMB stablecoin rumors and show say people gas do proper checks. The main focus still dey for the regulated digital yuan.
Neutral
Di denial wey Ant Group get on di rare earth-backed RMB stablecoin rumour fit get neutral impact for market prices. For short term, removing false talk fit reduce how much market sectors dey shake. For long term, dis one show how China dey careful with how dem dey regulate private stablecoins, e turn attention go the e-CNY digital yuan. Traders suppose keep dey watch wetin dem dey do well and dey follow official channels, because when regulators clear things, e dey usually steady market expectations, no dey cause sharp price waka.