Jack Ma-Backed Ant Group to Integrate Circle’s USDC Stablecoin on Its Blockchain
CHINA, JUL 10 – Ant Group aims to enhance cross-border payments and treasury management by integrating USDC stablecoin into its blockchain platform, pending full U.S. regulatory compliance under the GENIUS Act.
- In this week, Ant International plans to integrate Circle’s USDC into Whale to enhance cross-border settlement efficiency.
- Following the U.S. Senate’s June approval of stablecoin legislation, growing institutional demand prompted Ant Group to plan USDC integration.
- Ant Group plans to integrate USDC into Whale after Circle’s IPO surged over 500%, while processing over $1 trillion in 2024, with a third through Whale.
- Ant International plans to apply for stablecoin licenses in Singapore, Hong Kong, and Luxembourg, enabling compliant cross-border transactions and treasury operations worldwide.
- Ant Group’s USDC integration signals a broader trend of fintech-crypto convergence that may establish a new model for regulated, interoperable cross-border financial flows.
41 Articles
41 Articles
Ant International refutes reporting Circle partnership, but stablecoin ambitions remain clear · TechNode
Ant International, the overseas arm of Ant Group, has refuted reports that it is in talks with Circle Internet Financial to integrate USDC stablecoin into its blockchain platform. Bloomberg first cited unnamed sources on July 10, claiming the two companies were exploring cooperation plans following USDC’s compliance in the United States. Just hours later, Ant International responded, stating, “The media reports are inaccurate. We currently have …
Ant Group to Integrate USDC for Global Blockchain Expansion
Ant Group, a prominent Chinese fintech firm founded by Jack Ma and known for its widely used digital payment platform Alipay, is advancing its efforts in the digital asset space through a strategic collaboration with Circle Internet Group. The initiative will see Circle’s USDC stablecoin integrated into Ant’s blockchain infrastructure, as part of a broader move to support regulated crypto assets on a global scale. The partnership comes at a time…
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