Ant International, the global arm of Chinese tech firm Ant Group, is considering applying for stablecoin licenses in various countries.
Kelvin Li, from Ant International, mentioned at the Reuters Next Conference that they are interested in using stablecoins to improve international payments and user experience, not for cryptocurrency trading.
Stablecoins are digital currencies pegged to traditional fiat currencies like the US dollar to ensure price stability, and they are gaining attention for their role in facilitating fast and cost-effective cross-border payments.
Ant International, headquartered in Singapore, aims to enhance global payment systems as part of its expansion strategy beyond China.