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Briefly
- Ant Group plans to integrate Circle -ov USDC Stablecoin to its blockchain platform that serves 1.6 billion users.
- The time line of integration depends on the fact that USDC has achieved complete compliance after the passage of ingenious action.
- The Ant focuses on the effectiveness of global payment, not the crypto transaction initially.
Chinese Payments Giant Ant Group is set to adopt a Circle of USDC Stablecoin as part of its blockchain platform Bloomberg Reports.
The Ant is managed by Alipay, the most commonly used mobile payment platform in continental China, which is also widely supported in neighboring Asian countries. It is thought that have approximately 1.6 billion user accountswhich makes it the most popular world platform to pay on a wide margin. Life began as an edition of Alibaba, one of the greatest Chinese internet traders and cloud services.
According to sources, the time line for integration has not yet decided, but it will allegedly happen after USDC becomes fully in line with the US, after the recent passage An ingenious act.
Bloomberg I have not shared many details about what the USDC integration will ultimately look like. Reuters reported earlier this week This group of ants lobes the Chinese government and “seriously consider” logging applications In other jurisdictions around the world to run your own stablecoin. Ant also allegedly plans to betray Stablecoins aided by Hong Kong dollar, after the island New rules enter into force 1. August.
Ant International, Platform Chief, Kelvin Li, he told the audience at Reuters The next conference in Singapore that the company “will not focus on the crypto transaction” at first. “
“On the other hand, we will focus on global payments,” he added. “We believe that Stablecoini are an important means that will allow us to provide global payments in a much more effective way and bring a much better user experience.”
Neither Circle nor Ant confirmed reports at the time of writing.
Circle affects new peaks
Reports come as a circle launched in 2013, they hit record estimates after an ingenious act Obtaining a Congress approval June 17, if the law of the law now approves the House of Representatives, it will first give stable birds, such as USDC, legal clarity in the United States.
Stablecoin is now estimated at $ 46 billion, making it one of the most respected KRIPTO industry companies after his iPo last month.
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