qfx According to those in the know, Jack Ma’s Ant Group Co. is planning to integrate Circle Internet Group Inc.’s USD Coin (USDC) stablecoin into its global blockchain platform. The timeline, much like a good martini, is still being shaken, not stirred 🍸. But rest assured, once USDC meets all the necessary regulatory requirements, Ant’s international arm will be ready to pounce.
Tokenized assets such as TSLAx, NVDAx, and MSTRx are now live, with more expected to follow. These digital representations reflect the value of their traditional counterparts, with added benefits like transparency, faster settlement, and zero transaction fees.
This six-month odyssey will traverse 24 use cases, a veritable tapestry woven from the threads of banks, fintechs, and blockchain firms. Real-money applications will be put to the test across repo markets, private credit, carbon markets, and government securities – a true baptism by fire 🔥. The usual suspects are all present: CBA, ANZ, and Westpac, the three giants of Australian banking, each with their own agenda.
But, my dear reader, this is not just a pipe dream. U.S. Treasury Secretary Scott Bessent, a man of great authority, echoes this sentiment, saying that dollar-linked stablecoins could hit $2 trillion and play a key role in strengthening the U.S. dollar’s global dominance. And with bipartisan support growing in Congress, the expansion of stablecoins seems inevitable. Ah, the wheels of progress are turning, and we are but mere spectators in this grand drama.
But wait, there’s more! The SGX is patiently waiting for the Monetary Authority of Singapore (MAS) to give them the green light. Once that happens, it will mark a significant step in bringing Bitcoin trading into the realm of traditional finance.
Ji, a Singaporean tax resident with a Chinese passport, has filed an objection in Delaware Bankruptcy Court, representing over 300 Chinese creditors 👥. He argues that FTX’s decision to label him a “Chinese creditor” based solely on his passport is a tad… unfair 😒. After all, he resides in Singapore, where the crypto laws are as clear as a tropical island’s waters 🌴.
Now, while the legendary trader is still holding onto his long position in BTC (because why not, right?), he’s throwing a little wet blanket on the whole celebration. He says if Bitcoin falls below $107,000, it might flip the script faster than a pancake at a Sunday brunch. 🍳
Dubai Duty Free, which reported over $1.12 billion in sales in the first half of 2025, plans to evaluate cryptocurrency acceptance for in-store and online purchases. Ramesh Cidambi, Managing Director of Dubai Duty Free, emphasized the commitment to innovation and customer convenience. Both parties will conduct feasibility studies to develop crypto payment solutions and marketing strategies. Emirates Airline is also set to incorporate Crypto.com Pay into its booking systems by next year, allowing passengers to pay for tickets and services with cryptocurrency.
The word around the campfire (with Bloomberg stoking the flames) is that operations begin once those regulators say the word—because nothing says “fast-paced tech” like a few months of bureaucratic paperwork. 🗂️
Project Acacia is a joint effort between the RBA and the Digital Finance Cooperative Research Centre (DFCRC). It’s also backed by ASIC, APRA, and the Australian Treasury. So, basically, all the cool kids are doing it. 🤝