Alipay disavows Peer’s yuan-based USDC trading facility
Alipay has rejected claims that its payment network supports cryptocurrency trading after decentralised marketplace Peer introduced a service allowing customers to exchange Chinese yuan for the dollar-linked stablecoin USDC. The Chinese payments company said on 28 October that it neither supports virtual currency transactions nor authorises third-party platforms to offer cryptocurrency purchases…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.