Ant Group stablecoin denial news

Key Points:* Ant Group officially denies rare earth stablecoin collaboration rumors.

• No project or funding confirmed by involved parties.
• Analysts expect limited market impact from this denial. Ant Group refutes rumors about plans with the People’s Bank of China and China Rare Earth Group to create the world’s first rare earth RMB stablecoin, urging caution online.

The denial highlights the importance of discerning fact from speculation and ensures stability in crypto markets. No financial or on-chain impacts are evident due to this refutation.

Ant Group Refutes Rare Earth Stablecoin Partnership

Ant Group officially responded to claims of collaborating with the People’s Bank of China and China Rare Earth Group on a rare earth RMB stablecoin. The company asserted no such plans ever existed, urging the public to stay vigilant against deception. Ant Group maintains that these rumors could potentially mislead unwary investors.

There are no immediate funding allocations or institutional ties to the rumored stablecoin project. Ant Group’s clarification puts a halt to speculative impacts in investor circles. Both the People’s Bank of China and China Rare Earth Group remain unaffiliated with this rejected project narrative.

Industry leaders and market experts have weighed in, emphasizing the absence of legitimate crypto market moves related to this rumor. Ant Group’s statement countered any hasty market adjustments, ensuring investors stayed informed. The company’s bold response has emphasized investor caution and transparency at its forefront.

Market Stability Ensured Amid Rumor Denials

Did you know? Similar denials have been seen in the past, such as when other rumors about enterprise-backed stablecoins were quickly debunked, stabilizing potential market volatility.

Bitcoin (BTC) is currently priced at $121,898.76, with a market cap of formatNumber(2426358339744, 2). The cryptocurrency maintains a market dominance of 59.81%, and its 24-hour trading volume was formatNumber(74816360067, 2), a 27.34% swing. Prices have shifted 3.09% over 24 hours, with 90-day changes peaking at 19.06% as detailed by CoinMarketCap.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 05:38 UTC on August 11, 2025. Source: CoinMarketCap Coincu researchers suggest this event may affect the market’s regulatory environment. With robust false rumor denial processes now in place, future technological projects will likely prioritize transparency in development announcements.

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