Sources in Ant Group told Bloomberg that the use of stabilcoin on the Antchain platform will begin immediately after Circle completes the USDC compliance with the requirements of American legislation. In turn, the inspection speed depends on whether it will be adopted by the American congress – and in what form – the bill on the regulation of Genius stablecoins. The start date of integration procedures has not yet been announced, but, as commented in Ant Group, the company is actively preparing for this step.
The head of the Treasury Department Ant Group Kelvin Li (Kelvin Li) told reporters that the use of Circle Stablecoin will allow the company to simplify the transaction payments and financial management procedures.
The Anti Group expected that the USDC, the second largest stablecoin with a market capitalization of $ 62 billion, may become one of the main elements of the Alibaba payment ecosystem, which serves 1.6 billion users, allowing the volume of transactions on the Antchain transaction volume on 2026.
The day before, Reuters reported that Ant Group filed an application with the National Bank of China for the issue of Steabelcoin tied to the Yuan course.
Source: Bits
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