Jack Ma-Backed Ant Group Teams Up With Circle to Integrate USDC: Report
2025-07-10 08:49:39
Main Idea
Ant Group, backed by Jack Ma, is partnering with Circle Financial to integrate USDC onto its blockchain platform, signaling growing institutional interest in digital currencies.
Key Points
1. Ant International, the overseas unit of Ant Group, plans to adopt USDC once it meets US compliance requirements.
2. The integration timeline has not been finalized yet.
3. Ant Group has processed over $1 trillion in global blockchain transactions.
4. Ant's international unit generated nearly $3 billion in revenue in 2024, with potential IPO valuations between $8 billion and $24 billion.
5. USDC, with about $250 billion in circulation, is gaining traction as regulators tighten stablecoin rules.
Description
Jack Ma-backed Ant Group is reportedly partnering with stablecoin issuer Circle Financial to bring USDC onto its blockchain platform. The move signals a deepening push by the Chinese fintech giant to expand its global footprint in digital currencies. Cirlce’s shares are up 3.8% in the pre market. Ant International, the company’s overseas unit, is expected to adopt USDC once the stablecoin clears US compliance requirements, Bloomberg reported Thursday. The timeline for the integration has yet to ...
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