On August 11, Ant Group issued an announcement, noting that there are reports online claiming "Ant Group and the People's Bank of China, along with China Rare Earth Group, are co-constructing the world's first rare earth RMB stablecoin," and using this to lure investors to follow related zones. Ant Group has never had such plans with the relevant institutions; the public is advised to exercise caution and avoid being deceived.

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