Ant Group and Circle are in the preparatory stages for the launch of the USDC stablecoin on the Ant blockchain, underscoring the growing importance of stablecoins in global finance.
Circle and Integration of USDC into Ant Group Platform
Circle Internet Financial plans to integrate its USDC stablecoin into the Ant Group blockchain. This will enable enterprise clients to utilize a stable asset for real-time settlement and treasury operations. The integration is expected to occur once full regulatory compliance is achieved in the United States.
Ant Group's Achievements on Blockchain
In 2024, Ant Group processed transactions worth over $1 trillion. About one-third of this transaction volume was on the company's blockchain platform. The main applications include treasury services and cross-border payments.
Regulation and Licenses for Ant International
Ant International is applying for licenses for stablecoin services in Singapore, Hong Kong, and Luxembourg. These steps reflect the company's aim to offer more regulated digital currencies and establish a foothold in international markets amid new regulatory changes.
The strategic partnership between Ant Group and Circle for the integration of the USDC stablecoin could significantly increase the use of stablecoins and strengthen Ant's position in global finance.
