Ant International to Seek Stablecoin Licenses Globally

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Why Is Ant International Going Global with Stablecoins? Spoiler: It’s Not Just for Fun! 💸

So, here we are! Ant International, the cool kid on the block and a proud offspring of Jack Ma’s Ant Group, is gearing up to apply for stablecoin licenses in Hong Kong, Singapore, and Luxembourg. Because, you know, who doesn’t want to be a global stablecoin superstar? 🌍✨

According to Bloomberg (the financial gossip column we all secretly love), they’re eyeing a Hong Kong license thanks to the city’s Stablecoin Ordinance, which is like a fancy dress code for digital currencies that kicks in on August 1, 2025. And if you don’t comply? Well, you could be looking at a fine of up to $640,000. Ouch! That’s a lot of avocado toast! 🥑💰

Now, let’s not forget that Ant International is basically the sidekick to Alibaba, which runs Alipay for a whopping 1.3 billion users and 80 million merchants. Talk about a party! 🎉 They’re hoping to use stablecoins for cross-border payments and treasury management. Because who wouldn’t want to manage their treasure like a pirate? Arrr! 🏴‍☠️

In 2024, their Whale platform (yes, it’s called Whale, and no, it doesn’t swim) handled a jaw-dropping $333 billion of the company’s $1 trillion in worldwide transactions. That’s like counting all the money in Monopoly but with real cash! 💵

And let’s not forget their earlier escapades, like teaming up with Sui in December 2024 to turn environmental and social assets into digital tokens. Because saving the planet is so in right now! 🌱💚 The stablecoin market is booming, reaching $250 billion on June 8, 2025, and could hit $1 trillion by year’s end. David Pakman from CoinFund says this growth might just convince more folks to jump on the crypto bandwagon. Choo-choo! 🚂

So, what does all this mean? Well, Ant’s quest for stablecoin licenses shows they’re feeling pretty confident about the new regulations around digital currencies. It’s like they’re saying, “Hey, we’re ready to make international payments as easy as ordering takeout!” 🍕 By using stablecoins, they hope to bridge the gap between traditional banking and digital finance, making cross-border money transfers smoother than a buttered slide. 🛝

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2025-06-12 15:00