The post Jack Ma’s Ant International Moves to Support USDC on Its Blockchain appeared on BitcoinEthereumNews.com.

Ant International has announced a partnership with Circle Financial to bring USDC onto its blockchain platform. The integration is contingent on U.S. regulatory approval of USDC under the recently passed GENIUS Act. Ant International, the global arm of Jack Ma’s Ant Group based in Singapore, is gearing up to support USDC, the regulated stablecoin from Circle, on its blockchain platform. The move is still waiting on U.S. regulatory approval, but it’s a big signal of where things are heading. You might not see Ant International in the headlines every day, but it’s a major player behind the scenes. Last year alone, it handled over $1 trillion in transactions for merchants, banks, and fintechs worldwide, and impressively, about a third of that was processed directly on its own blockchain, known as Whale. But while Ant’s existing systems already handle tokenized bank deposits and even some central bank digital currencies (CBDCs), they’ve been mostly “closed-loop.” That means they’re efficient, but not easily connected to the broader financial system. That’s where USDC comes in. Why USDC? Circle’s USDC is a dollar-backed stablecoin, meaning its value stays pegged to the U.S. dollar. It’s already used widely across DeFi and crypto exchanges, and currently has a market capitalization of about $62 billion, as the second-largest stablecoin just after Tether (USDT). But what’s new is its appeal to traditional finance, especially with its need to align with the new U.S. legislation like the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. Officially known as the Guiding and Establishing National Innovation for U.S. Stablecoins, this bipartisan bill passed the Senate on June 17, with strong support (68–30). As CNF reported, it’s a big deal because it lays the groundwork for the first-ever federal framework around dollar-backed payment stablecoins. For Ant International, using USDC opens up…

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Filed under: News - @ July 11, 2025 5:24 am