Chinese payments giant Alipay denies supporting crypto trading via Peer
Photo: crypto.news
Chinese payments giant Alipay has denied supporting cryptocurrency trading through third-party platforms after peer-to-peer marketplace Peer announced a service allowing users to buy and sell USDC with Chinese yuan payments. Chinese payments giant Alipay denied authorizing cryptocurrency trading through third-party platforms following Peer's USDC announcement. Peer launched beta support for buying and selling USDC using Chinese yuan payments through Alipay. Peer reported 107 transactions worth approximately $7,094 involving 45 buyers since August 21, 2026. Alipay warned customers against unauthorized crypto services, citing risks to their funds and account security.
Also reported by Crypto Briefing, The Defiant, Coinfomania.
Source: crypto.news
