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 .

Source: Coin Edition