Jack Ma Eyes Stablecoin License Expansion: Ant International Targets Asia and Europe

Ant Group’s overseas arm, Ant International, aims to secure licenses in Hong Kong, Singapore, and Luxembourg to establish a dominant position in the regulated stablecoin market. This move signifies the company’s deepening commitment to crypto, as it aligns with global regulatory trends and seeks to capitalize on the burgeoning stablecoin ecosystem. The Whale platform, handling over one-third of Ant’s $1 trillion annual transactions, serves as the foundation for this expansion. Its blockchain-based infrastructure allows for seamless integration of stablecoins into real-time financial management, cross-border payments, and digital settlement.