Ant International, the overseas arm of Chinese tech giant Ant Group, is considering launching a stablecoin focused on global payments.
The stablecoin would not be used for cryptocurrency transactions but to enhance global payment efficiency and customer experience.
Stablecoins are digital currencies pegged to fiat currencies like the U.S. dollar, designed to maintain a constant value and commonly used for transferring money between tokens.
Despite the potential benefits of stablecoins in improving financial efficiency and inclusion, concerns remain about monetary control, systemic risks, and regulatory compliance.