Jack Ma-backed Ant Group is stepping deeper into the global crypto game and it’s doing it with USDC!
Yes, according to a Bloomberg report, Ant’s international arm is partnering with Circle to bring the popular stablecoin onto its blockchain platform. The move reflects a broader shift for the Chinese fintech giant, which is now focused on regulated digital assets and cross-border payments.
The integration will begin once USDC clears U.S. compliance requirements. A timeline hasn’t been announced yet, but the partnership is already drawing attention. Circle shares rose 3.8% in pre-market trading following the news.
A Big Win for Circle
For Circle, this deal adds another major name to its growing list of global partners. It comes just days after the company announced a new integration with OKX, one of the world’s largest exchanges, giving over 60 million users easier access to USDC across 12 different blockchains.
Circle has been pushing hard to expand its stablecoin in regulated markets, especially after the U.S. Senate passed the GENIUS Act – the first major bill focused on stablecoin regulation. The company is also working on a global payments network to help banks and institutions settle cross-border transactions using USDC.
With Ant Group on board, Circle’s push into Asia is getting a serious boost.
Ant’s New Global Game Plan
This is a strategic step for Ant, whose global unit, Ant International, is being groomed for a spinoff and future IPO. In 2024, the division brought in nearly $3 billion in revenue, and analysts estimate a potential IPO valuation between $8 billion and $24 billion.
Now, the company is actively preparing to apply for stablecoin licenses in Hong Kong, Singapore, and Luxembourg.
After years of regulatory pressure in China and the suspension of its 2020 IPO, Ant is rebuilding – this time with a focus on digital currencies, tokenized bank deposits, and central bank digital currencies.
Why Circle Is Betting on Regulation
USDC may still be smaller than Tether in market cap, but Circle is betting on regulation.
While Tether faces ongoing scrutiny in Europe and Asia, Circle is leaning into compliance and forming partnerships that open up new markets.
The stablecoin race is heating up and this is an interesting move for sure.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed