Oh, darling! It seems Ant Group’s international arm is about to get cozy with Circle’s USDC stablecoin 🤑. But, of course, only after it’s been thoroughly vetted by those stern U.S. regulators 👮.
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.
The stablecoin is expected to bring a dash of excitement to Ant’s cross-border payment and treasury management services, making transactions faster and more regulated for businesses worldwide 🌎. One can almost hear the champagne corks popping!
This development is also a feather in Circle’s cap, as it extends USDC’s reach through external platforms like Ant’s. And, if that weren’t enough, Circle is also planning to launch its own payments network to help financial institutions settle cross-border transactions using stablecoins 📈.
Now, Ant Group’s move is also a strategic pivot, darling. After its 2020 IPO was derailed by those pesky Chinese regulators, Ant has been busy expanding its international footprint 👣. And what better way to do that than through its international arm, Ant International? The numbers are simply staggering: nearly $3 billion in revenue in 2024 and over $1 trillion in global transactions last year, with a third of those routed through its proprietary blockchain 🤯.
Integrating USDC is the perfect fit for this vision, sweetie. It enables Ant to offer faster, compliant, and stablecoin-powered cross-border payments and treasury services, all while expanding its blockchain platform to accommodate even more tokenized assets 📈.
And, if that weren’t enough, Ant is also pursuing licenses to issue its own fiat-backed stablecoins in jurisdictions like Hong Kong, Singapore, and Luxembourg 📊. A company spokesperson recently confirmed that Ant plans to apply for a fiat-referenced stablecoin issuer license in Hong Kong once the city’s new Stablecoins Ordinance takes effect on August 1. Applications in Singapore and Luxembourg will follow soon after, no doubt with the requisite pomp and circumstance 🎉.
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2025-07-10 14:58