USDC Is Coming to Jack Ma-backed Ant Group’s $1 Trillion Blockchain Network
- 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 dig…
The post USDC Is Coming to Jack Ma-backed Ant Group’s $1 Trillion Blockchain Network appeared first on Coin Edition.
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USDC Is Coming to Jack Ma-backed Ant Group’s $1 Trillion Blockchain Network
- 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 dig…
The post USDC Is Coming to Jack Ma-backed Ant Group’s $1 Trillion Blockchain Network appeared first on Coin Edition.
Read More
Tether/Circle Stablecoin Supply Growth Signals Strong Liquidity Backing Crypto Rally