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- Ant Group associates with Circle to incorporate the USDC on its blockchain platform once the stablecoin has obtained compliance in the United States.
- Ant International’s blockchain already manages a third of the company’s $ 1 Billion of $ 1 Billion and supports the world’s banks and token assets.
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Ant Group, the largest supplier of digital technologies and technologies in China, founded by the billionaire Jack Ma, will integrate the Stablecoin USDC of Circle in its blockchain platform in the context of its global expansion efforts focused on regulated cryptographic assets, reported Bloomberg on Thursday.
The Chinese Fintech power, famous for its flagship Alipay platform, collaborates with Circle Internet Group to facilitate integration. The initiative follows the Circle’s beginnings on the New York Stock Exchange, which helps to strengthen global credibility and the regulatory position of the company.
Circle’s shares jumped 5% of pre-commercial exchanges Thursday, according to Yahoo Finance data. The stock increased to $ 263 at the end of last month.
The collaboration follows the adoption by the American Senate of the legislation on the stablescoin in June, strengthening the credibility and the institutional adoption of the stablecoins. Circle is one of the few public companies focused on stables to benefit from this regulatory dynamic.
Integration is directed by Ant International, the company abroad of the company. Ant International plans to integrate the USDC into its blockchain platform once the token has reached full compliance with American regulations.
Collaboration could accelerate the institutionalization of stablecoins in Asia and Europe. Ant International is currently looking for licenses related to the stable reserve in several key financial jurisdictions, notably Singapore, Hong Kong and Luxembourg.
If granted, the license would allow the ant to use the USDC and other tokenized assets for treasury operations and cross -border colonies under clear regulatory monitoring.
For Circle, the alliance with Ant could extend the scope of the USDC in the massive cross-border payment corridors of Asia and validate the use of stablecoin in corporate circles beyond the United States.
Ant Blockchain network is already playing a major role in its financial infrastructure, supporting a third of the 1 dollars of dollars in the world transactions it treated last year.
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