Peer opens Alipay beta for yuan-to-USDC trades
- —45 buyers completed 107 Alipay orders worth $7,094 since Aug. 21
- —Yuan moves directly between parties; USDC settles via smart contract
- —Sellers set size and price spread; buyers pick orders
- —Protocol ZKP2P originated as an Ethereum Foundation PSE research project
Why it matters: The channel links Alipay to USDC without custody, but volumes remain tiny and limits are undisclosed.
Source: TokenPost