Ant Group will add Circle's stablecoin to its global platform

BlockBeats News, July 10th, according to Bloomberg Terminal, Ant Group will add Circle's stablecoins (such as USDC) to its global platform.

According to a source familiar with Ant Financial, the company's global subsidiaries plan to incorporate USDC into their blockchain platform after receiving regulatory approval in the United States. The source added that the exact timeline has not been determined yet. In April, the company announced it would launch a payment network to help financial institutions use these tokens for cross-border transactions. Additionally, Ant International also plans to apply for a stablecoin license in Hong Kong, Singapore, and Luxembourg.

At the time of publication, both Circle and Ant Financial have declined to comment on this news.