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Ant International Said to Be Exploring Stablecoin Licenses in Multiple Countries

  • 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.

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