Ant Group and Circle Team Up to Expand USDC to AntChain
2025-07-11 05:43:46
Main Idea
The article discusses the growing momentum in the stablecoin market, highlighting key developments from companies like Ant Group, Ripple, and Circle, as well as regulatory advancements such as the GENIUS Act.
Key Points
1. Ant Group is reportedly working on integrating USDC into its services, leveraging its Alipay super-app and blockchain network AntChain.
2. Ripple CEO Brad Garlinghouse predicts the stablecoin market could grow to $1–2 trillion, with Ripple's RLUSD already reaching a $500 million market cap.
3. The US Senate passed the GENIUS Act, providing legal clarity for stablecoins and encouraging institutional adoption.
4. Circle's USDC is gaining traction, being accepted as collateral in US futures markets and partnering with OKX for feeless conversions.
5. Ripple is pursuing regulatory compliance, applying for a banking license and a Federal Reserve Master Account to support its stablecoin strategy.
Description
The collaboration is a big move when it comes to aligning global fintech ecosystems around standardized digital value and comes during a time of improving US regulatory clarity. Circle's influence is growing at a fast rate thanks to new partnerships with OKX, Coinbase Derivatives, and Nodal Clear, and the increasing acceptance of USDC in both institutional and retail financial systems. Meanwhile, Ripple CEO Brad Garlinghouse predicted explosive growth for the stablecoin market by suggesting it c...
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