Ant Financial, owned by Jack Ma, is applying for stablecoin issuer licenses in Hong Kong and Singapore ahead of new regulations. The move highlights the growing adoption of stablecoins in global finance. Ant plans to integrate these digital assets into its cross-border payment and treasury operations.
- Ant Financial applies for stablecoin licenses in Hong Kong and Singapore ahead of new regulations effective August 1.
- The company’s blockchain-powered Whale platform handled a third of its $1 trillion global transactions in 2024.
- Major banks and tech firms, including Deutsche Bank and Airbnb, are actively exploring stablecoin integration.
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