Ant Group, the global fintech arm of Alibaba and backed by Chinese billionaire Jack Ma, is set to integrate the USDC stablecoin into its blockchain platform for cross-border payments.
The move follows ongoing efforts to align the token with new U.S. stablecoin legislation, with its issuer, Circle, collaborating with Ant Group to prepare for the launch once compliance is achieved.
As one of the world’s leading fintech players, Ant Group processed over $1 trillion in international transactions in 2024, with a third of these facilitated through its proprietary blockchain infrastructure. The platform already supports tokenized assets from major banks, including HSBC, JPMorgan, and Standard Chartered, showcasing its robust financial network.
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In a strategic push, the company is also seeking stablecoin licenses in Singapore, Hong Kong, and Luxembourg, signaling its intent to expand its digital currency operations globally.
Author: Slava Vasipenok
Founder and CEO of QUASA (quasa.io) - Daily insights on Web3, AI, Crypto, and Freelance. Stay updated on finance, technology trends, and creator tools - with sources and real value.
Innovative entrepreneur with over 20 years of experience in IT, fintech, and blockchain. Specializes in decentralized solutions for freelancing, helping to overcome the barriers of traditional finance, especially in developing regions.
This is not financial or investment advice. Always do your own research (DYOR).
