Ant International has refuted reports of partnering with Circle Internet Financial to integrate USDC stablecoin into its blockchain platform, stating they have no such plans.
Ant's quick denial does not diminish its broader ambitions in the blockchain and stablecoin space, as the company actively seeks licenses, partnerships, and advances in technology.
Ant processed over $1 trillion in transactions globally last year with around one-third on its blockchain, and is pursuing stablecoin licenses in Singapore, Hong Kong, and Luxembourg.
Stablecoins are gaining traction with companies like PayPal, Walmart, Amazon, and asset managers exploring stablecoin initiatives, despite Ant International denying the partnership speculations with Circle.