Alibaba has backed a $35 million funding round for Singapore-based stablecoin issuer MetaComp, underscoring a trend of Chinese tech firms investing in regulatory-compliant crypto projects abroad despite strict domestic controls.
Alibaba is integrating JPMorgan’s tokenized dollar and euro rails into its global B2B payments platform to simplify cross-border settlements and reduce correspondent banking friction.
Alibaba's global e-commerce division is reportedly developing a bank-supported deposit token to facilitate cross-border payments as Beijing tightens rules on stablecoins.