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Alipay Denies Crypto Trading Support
Alipay, a Chinese payments app, denied supporting cryptocurrency trading after a peer-to-peer platform Peer announced a beta feature allowing users to buy and sell USDC (United States Dollar Coin) using yuan through Alipay. Alipay stated it does not offer virtual currency trading services and called the claims false and unauthorized. The announcement highlights the risks of assuming a payment option listed on a crypto platform is officially supported by the payment provider.