Ant Group partners with Circle, its blockchain platform plans to integrate USDC stablecoin.
Ant Group supported by Jack Ma is collaborating with stablecoin issuer Circle to adopt USDC stablecoin on its blockchain platform. The cooperation will advance once USDC meets the U.S. regulatory requirements. This move is a key step for Ant International to expand the application of compliant crypto assets (such as CBDC and deposit tokens). Ant's blockchain processes over $1 trillion in global transactions annually and has partnered with more than a dozen international banks, including HSBC and JPMorgan. Ant International is actively seeking stablecoin licenses in Singapore and Hong Kong, and its independent operations and strong financial performance (nearly $3 billion in revenue in 2024) pave the way for a potential spin-off listing (valuation could reach $24 billion). The global market capitalization of stablecoins is about $250 billion, and the regulatory framework is gradually improving, attracting giants like Walmart and Amazon to explore issuance.