Ant Intl Denies USDC Tie-Up, Advances Stablecoin Plans
Ant International has officially denied recent reports of a partnership with Circle to integrate USDC into its AntChain network, clarifying that no such USDC tie-up is planned. The denial comes as Ant International continues to pursue its global stablecoin expansion, applying for regulatory licenses in Hong Kong, Singapore, and Luxembourg, and preparing to seek a Hong Kong stablecoin issuer license once new regulations take effect in August. Meanwhile, developments in US stablecoin regulation – including the US Senate’s passage of the GENIUS Act and Circle’s trust bank charter application – underscore ongoing compliance efforts. Ant International is also deepening blockchain collaborations, launching tokenization pilots with DBS, signing an MoU with Deutsche Bank, and co-publishing a whitepaper with ISDA under Project Guardian. Its AntChain network already processes a third of Ant Group’s $1 trillion annual transaction volume. For crypto traders, Ant International’s independent stablecoin strategy highlights its stability-oriented approach and may bolster confidence in enterprise-grade stablecoins while shaping cross-border settlement trends in Asia and beyond.
Neutral
While Ant International’s denial of a USDC partnership removes immediate upside for USDC integration into AntChain, its continued push for stablecoin expansion and regulatory compliance underlines growing demand for USDC as a trusted digital asset. However, as USDC is a fiat-pegged stablecoin, its market price remains anchored at $1, making any price volatility unlikely. In the short term, traders should not expect significant price movements; in the long term, enhanced institutional support and broader adoption through Ant’s global licenses and blockchain collaborations may reinforce USDC’s market stability and liquidity, benefiting traders seeking low-volatility assets.