Circle, the issuer of the USD-backed stablecoin USDC, has reportedly secured a partnership with Ant International, the global subsidiary of Jack Ma’s Ant Group.
Sources familiar with the matter told Bloomberg that Ant International plans to integrate USDC into its blockchain platform once the stablecoin achieves full compliance with US regulations.
While the exact timeline remains undecided, sources revealed that Ant sees regulated stablecoins as central to enhancing global payment efficiency and not crypto trading.
All Part of a Broader Strategy
Ant International, based in Singapore, is already a heavyweight in global payments. The firm processed over $1 trillion in transactions last year, with one-third of that volume handled via its blockchain.
The USDC integration is said to be part of a broader strategy by Ant to bring regulated digital currencies, including central bank digital currencies (CBDCs) and tokenized bank deposits, onto its blockchain infrastructure.
Ant
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