Ant Group to Integrate Circle’s USDC Stablecoin
The post Ant Group to Integrate Circle’s USDC Stablecoin appeared on BitcoinEthereumNews.com. Ant Group plans to integrate USDC after U.S. regulatory approval under the GENIUS Act. Ant seeks stablecoin licenses in Singapore, Hong Kong, and Luxembourg for global expansion. Circle partners with OKX to boost USDC access across 60 million users and multiple blockchains. The international division of Jack Ma-backed, Chinese tech giant, Ant Group plans to integrate Circle’s USDC stablecoin onto its blockchain network, which processed over $1 trillion in payments last year. The plan, which is subject to regulatory approval in the United States, is a significant step in Ant’s push to build a multi-asset platform capable of supporting various forms of regulated digital money. According to a Bloomberg report, if the integration is completed, Ant would become the largest corporate user of a U.S.-issued stablecoin operating outside the United States. The GENIUS Act: The Key to the Deal According to Bloomberg, the USDC rollout will begin once Circle secures full regulatory clearance under the recently passed U.S. GENIUS Act. This is a key part of Ant International’s broader strategy to create a global platform that can handle different forms of digital money, including tokenized bank deposits and central bank digital currencies (CBDCs). The company is actively seeking licenses to issue or handle stablecoins in several key financial hubs, with applications reportedly submitted in Singapore, Hong Kong, and Luxembourg. Related: Circle’s USDC Takes the Lead in Stablecoin Transactions Ant’s platform currently supports tokenized assets from financial institutions and has facilitated over $300 billion in transaction volume over the past year. The group is also considering introducing stablecoins backed by the Hong Kong dollar. Circle Expands Access to USDC Through OKX Partnership In a separate move to increase USDC distribution, Circle has partnered with crypto exchange OKX. The agreement, announced on July 8, connects USDC with OKX’s 60 million global users…
The post Ant Group to Integrate Circle’s USDC Stablecoin appeared on BitcoinEthereumNews.com.
Ant Group plans to integrate USDC after U.S. regulatory approval under the GENIUS Act. Ant seeks stablecoin licenses in Singapore, Hong Kong, and Luxembourg for global expansion. Circle partners with OKX to boost USDC access across 60 million users and multiple blockchains. The international division of Jack Ma-backed, Chinese tech giant, Ant Group plans to integrate Circle’s USDC stablecoin onto its blockchain network, which processed over $1 trillion in payments last year. The plan, which is subject to regulatory approval in the United States, is a significant step in Ant’s push to build a multi-asset platform capable of supporting various forms of regulated digital money. According to a Bloomberg report, if the integration is completed, Ant would become the largest corporate user of a U.S.-issued stablecoin operating outside the United States. The GENIUS Act: The Key to the Deal According to Bloomberg, the USDC rollout will begin once Circle secures full regulatory clearance under the recently passed U.S. GENIUS Act. This is a key part of Ant International’s broader strategy to create a global platform that can handle different forms of digital money, including tokenized bank deposits and central bank digital currencies (CBDCs). The company is actively seeking licenses to issue or handle stablecoins in several key financial hubs, with applications reportedly submitted in Singapore, Hong Kong, and Luxembourg. Related: Circle’s USDC Takes the Lead in Stablecoin Transactions Ant’s platform currently supports tokenized assets from financial institutions and has facilitated over $300 billion in transaction volume over the past year. The group is also considering introducing stablecoins backed by the Hong Kong dollar. Circle Expands Access to USDC Through OKX Partnership In a separate move to increase USDC distribution, Circle has partnered with crypto exchange OKX. The agreement, announced on July 8, connects USDC with OKX’s 60 million global users…
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