The company’s move aligns with its global ambitions as other companies, including rival JD.com, line up to issue fiat-backed cryptocurrencies
“We welcome the passage of the Stablecoins Bill … and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International said in a statement on Thursday. “We plan to apply for the fiat-referenced stablecoins issuer’s licence once the process is open after the Stablecoins Ordinance takes effect on August 1.”
For Ant, the move aligns with the company’s broader goal of enhancing its global business with expanded treasury capabilities and banking partnerships. Ant International said in the statement that it intended to “transform our cutting-edge AI, blockchain and stablecoin technologies into reliable, large-scale real-world applications”.
