Ant Group eyes USDC integration despite yuan stablecoin push, says report
2025-07-10 17:05:35
Main Idea
Ant Group is reportedly planning to integrate Circle’s USDC stablecoin into its blockchain platform for cross-border and treasury use, while also advocating for yuan-pegged stablecoins in Hong Kong.
Key Points
1. Ant Group is considering integrating USDC into its blockchain platform once it meets US regulatory compliance.
2. The company is among early applicants under Hong Kong’s new stablecoin regime, which takes effect on August 1.
3. Ant Group has been lobbying for the adoption of yuan-pegged stablecoins in Hong Kong, alongside JD.com.
4. Its proprietary blockchain network, Ant Chain, collaborates with over 10 global banks, including HSBC and JPMorgan.
5. The move to adopt USDC could enhance Ant Group’s cross-border payment and treasury services.
Description
Chinese tech giant Ant Group is reportedly planning to integrate Circle’s USDC stablecoin into its blockchain platform, even as it lobbies for yuan-backed alternatives. According to a Bloomberg report published July 10, the collaboration would see Ant Group’s international unit adopt USDC on its proprietary blockchain once the stablecoin meets full compliance under US regulatory frameworks. The report, citing unnamed sources familiar with the matter, said that the exact timeline for the integrat...
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