Alipay Denies Supporting Crypto Trading After Peer Launches USDC Service

TLDR Alipay said it does not authorize crypto trading through third-party platforms. Peer announced a beta service on October 27 for trading USDC with Chinese yuan via Alipay. Peer reported 107 trades worth about $7,094 from 45 buyers since August 21. Peer later said it has no formal partnership with Alipay. China bans crypto trading [...]

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