Group 1 - Ant Group officially announced an initial investment of 10 billion RMB to collaborate on the "Rare Earth-Backed RMB Stablecoin" project, which aims to develop, test, and globally apply this new digital currency [2][5] - The rare earth stablecoin is supported by China's abundant rare earth resources and is designed to enhance the internationalization of the RMB while breaking the dollar's monopoly on commodity pricing [2][8] - The project is seen as a significant move in China's strategy to financialize strategic resources and expand the application of digital RMB [2][11] Group 2 - The initial funding will focus on building the underlying blockchain system, connecting international payment networks, developing cross-border settlement platforms, and piloting in countries along the Belt and Road Initiative [5][6] - Ant Group will leverage its established security risk control systems and global payment operation experience to ensure the safe and efficient circulation of the rare earth stablecoin in international trade and supply chain finance [5][11] - The integration of financial technology, blockchain, and AI risk control is expected to reshape the international payment and trade landscape [7][11] Group 3 - The rare earth stablecoin is positioned as a resource-backed stablecoin that aims for value stability and faster, safer cross-border settlements [6][9] - Ant Group's chairman emphasized that this initiative represents a combination of national strategy and technological strength, positioning the rare earth stablecoin as a crucial asset in the global financial system [11] - Industry analysts believe that Ant Group's investment and technological input will accelerate the penetration of the rare earth stablecoin in overseas markets and enhance the RMB's influence in the global settlement system [11]