Jack MA’s border-output payment branch of Ant Group Ant InternationalPlans to integrate USDC Stablecoin into its Blockchain network, Antchain, which was commissioned in July 2020, following the US regulatory approval with Circle. To Bloomberg’s news on Thursday according to The initiative is the second largest dollar fixed, which manages 1 trillion dollar border-output transaction volume last year altcoinIt will allow it to gain direct access to. However, the actual launch date will depend on Circle’s full adaptation to the Stablecoin law that passes through the Senate in June and waiting for the final approval.
Antchain’s roadmap for USDC
Antchain Currently, more than 10 global banks, such as HSBC, JPMorgan and Standard Chartered supports tokenized deposits. Circle’s USDC is also subject to approval. Alipay+ Millions of sellers and banks connected to the network will have instant, harmonious and blockchain -based exchange between more than 15 currencies. In terms of Circle, CoinMarketcap according to data USDCApproximately $ 62 billion of the supply of $ 62 billion will be integrated into one of the largest payment platforms outside the United States, expanding its global access.
The arrangement process is in a critical bend. Circle‘s National Bank License Application and Full Compliance with the Stablecoin Law stands out as the prerequisite of integration. With the entry into force of the law, the total stablecoin supply is expected to exceed $ 2 trillion by 2028. This prediction was shared by Donald Trump’s Treasury Minister Scott Bessent.
Possible Effects of Ant International’s Circle cooperation on the sector
In Ant International, Hong Kong, Singapore and Luxembourg stablecoin By calling licenses, a possible public offering (8–24 billion dollars valuation) aims to strengthen the crypto currency rails issued before. The vineyard to be established with Circle will make the Blockchain-based collection-June services attractive and will reinforce the bridge between US regulations and Asian-based financial technology solutions.
Analysts, the addition of USDC to the oath network outside the United States crypto currency He states that he can raise the reliability threshold for fundamental commercial payments. Circle, in the year OKX And Strip He expanded the distribution channels with agreements signed with service providers such as. At this point, the cooperation of Ant will be the largest test of this strategy so far.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
