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After three years of silence, Ant Group is making a comeback to the fintech stage in a brand new way, this time focusing on the core zone of the digital money field - the stablecoin market.
After experiencing the unexpected halt of its IPO and changes in market trends, Ant Group has quietly completed its strategic transformation, evolving from a domestic fintech giant to an active promoter of global blockchain technology. It is understood that Ant Group's international department in Singapore has set a clear timeline and plans to submit a license application immediately after the new Hong Kong stablecoin regulatory rules come into effect this August. At the same time, the group will also apply for relevant licenses in places such as Singapore and Luxembourg, strategically positioning itself in the two major financial centers of Asia and Europe.
This series of actions reveals Ant's grand ambition: once regulatory approval is obtained, Ant will gain the qualification to legally issue and operate fiat-backed stablecoins.
Stablecoins have become an important tool for global enterprise-level cross-border settlement. For Ant Group, entering the stablecoin field is not just a simple business attempt, but a strategic initiative to reshape its global payment influence. This layout is expected to bring a more efficient, low-cost, and secure international remittance experience, directly serving the capital circulation needs of online platforms, multinational enterprises, and the Web3 ecosystem. In the long run, this initiative has the potential to challenge the existing traditional clearing system and redefine cross-border payment rules.
Data shows that in 2024, Ant Group's overseas business revenue has approached 3 billion USD, achieving profitability for two consecutive years. It is worth noting that its global payment processing scale has surpassed the 1 trillion USD mark, with about one-third completed through its self-developed Whale zone blockchain network. At the same time, the establishment of an independent board of directors has also sparked market speculation that this may be in preparation for a future relisting.
Against the backdrop of global geopolitical changes and adjustments in financial policies, Asian financial centers, especially Hong Kong and Singapore, are gradually becoming emerging markets for the development of stablecoins. Ant Group's foray into the stablecoin sector at this time is seen by industry insiders as a critical step in seizing the strategic high ground of digital finance.
After experiencing setbacks, Ant Group is not relying on marketing stories this time, but on tangible blockchain technology strength and a global business layout. The stablecoin business may just be the beginning; Ant Group's new chapter in digital finance has just begun.