- Ant International shakes hands with Circle, USDC might finally get a passport.
- The integration is waiting for the U.S. to say “yes, please.”
- Deal could turn Ant into a stablecoin superhero in Asia.
Ant International, the overseas division of China’s Ant Group, is gearing up to integrate Circle’s USDC stablecoin into its blockchain platform. The partnership is still waiting for regulatory approval in the United States, which is like waiting for a snail to win a sprint. It’s all part of Ant’s grand plan to expand its international financial services and make cross-border payments as easy as ordering a pizza. 🍕
Ant International Aims to Speed Up Cross-Border Payments with USDC
Bloomberg reports that the integration of USDC by Ant Group will only happen once the stablecoin has passed all the U.S. regulatory hurdles. The timing is as clear as mud, but the partnership will be a significant milestone in Ant’s journey toward becoming a regulated fintech innovator. In 2020, the Chinese government decided Ant needed a bit of a makeover, leading to the cancellation of its massive 37 billion-dollar IPO. 🤦♂️ Since then, Ant has shifted its focus to expanding its business abroad, like a tech company playing a global game of hide and seek.
Ant International has been busy trying to get licenses in key locations like Hong Kong, Singapore, and Luxembourg, which is like trying to get a visa to visit the moon. These licenses will allow Ant to operate freely in international markets without breaking any local laws. By adding USDC, one of the most trusted dollar-backed stablecoins, Ant hopes to make cross-border payments faster, cheaper, and more reliable. This move could position Ant as a major player in the rapidly growing global digital finance sector, like a tech giant with a superpower.
Major banks like JPMorgan and HSBC are already using Ant’s blockchain system to tokenize financial assets safely and effectively. Incorporating USDC into this system could further strengthen Ant’s networks, making it the go-to platform for secure and efficient cross-border transactions. As one fintech professional in Hong Kong put it, “Having access to a stable digital asset like USDC will help Ant enhance the flow of money across borders, especially in markets that require crystal-clear regulations and bulletproof payments.” 🛡️
Circle and Ant Partnership to Reshape Asia’s Stablecoin Market
Meanwhile, Circle, the company behind USDC, is also expanding its global footprint. Besides teaming up with Ant, Circle has partnered with OKX, one of the largest crypto exchanges, allowing over 60 million users to convert between U.S. dollars and USDC without any extra fees. It’s like getting a free ride on the digital currency express train. 🚄
Circle is also working on establishing the credibility of its stablecoin by seeking permission to set up a national trust bank, the First National Digital Currency Bank, N.A. If U.S. regulators give the green light, Circle will manage USDC reserves directly and offer secure virtual property services for big investors. This new bank won’t be your typical place for loans or savings accounts; it will focus solely on digital money management, like a digital-only financial fortress. 🏰
This partnership could be a game-changer in Asia, especially in Hong Kong, which recently imposed strict regulations on stablecoins, requiring them to be fully backed and registered. If Ant gets the nod under these new rules, it could become one of the first major firms in Asia to legally provide stablecoins, aligning with its mission to make blockchain payments faster and safer. Currently, Ant’s blockchain handles over a trillion dollars in transactions annually, which is more than the GDP of some small countries. 🌍
As digital finance regulations become more transparent, the collaboration between Ant and Circle could help shape the future of digital money in Asia. Together, they aim to ensure that payments are faster and more secure for everyone in this interconnected world, like a digital handshake that’s both quick and trustworthy. 🤝
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2025-07-10 19:22