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.
