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Jack Ma’s Ant International Moves to Support USDC on Its Blockchain

  • Ant International, the global arm of Jack Ma’s Ant Group, is partnering with Circle Financial to bring USDC onto its blockchain platform, pending U.S. regulatory approval.
  • The move signals significant progress in integrating USDC into the broader financial system and aligning with new U.S. legislation, particularly the GENIUS Act, providing a federal framework for dollar-backed payment stablecoins.
  • Using USDC offers advantages like enabling real-time global payments, interoperability between different financial entities, and simplified treasury operations for businesses.
  • Ant International is also seeking stablecoin licenses in financial hubs like Singapore, Hong Kong, and Luxembourg, while Circle Financial is enhancing access to USDC through tools like Circle Gateway and Circle Mint.

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