Ant International, the international subsidiary of China's largest internet finance company Ant Group, has formed a strategic partnership with US-based stablecoin issuer Circle.
Ant Group's International Unit Prepares for USDC Stablecoin Integration by Partnering with Circle
As part of this collaboration, Circle's digital currency, USDC, which is pegged one-to-one to the US dollar, will be integrated into Ant International's blockchain platform.
While the initial integration process begins at the technical level, official use and adoption will be rolled out after Ant International achieves full compliance with US regulations.
Ant Group is known for its leadership in digital payments and financial technologies, particularly in the Asia-Pacific region. This move is part of the company's global vision for stablecoins and blockchain. The partnership aims to provide more transparent, faster, and lower-cost solutions for international payments.
USDC is currently considered one of the world's leading regulated stablecoins and is preferred by many financial institutions thanks to its transparent reserve structure.
This development highlights the growing interest of Chinese companies in stablecoin technologies on a global scale and their efforts to comply with US-based regulations.
*This is not investment advice.
