Ant Group Targets Stablecoin Licences for Global Expansion

Ant Group, the fintech giant backed by Alibaba, is expanding its global blockchain strategy with a focus on stablecoin licensing in key markets worldwide. The company has announced plans to apply for stablecoin licenses in Singapore and Hong Kong, leveraging these regions’ pro-crypto regulatory environments. In addition, Ant Group seeks to secure a license in Luxembourg, solidifying its European presence while participating in the rapidly developing digital asset market under frameworks like MiCA. These strategic moves aim to propel Ant’s international blockchain ambitions.