Jack Ma-Backed Ant Group Considers Using USDC Stablecoin on Its Own Blockchain, Report Says

Ant Group — the fintech powerhouse behind Alipay and backed by Jack Ma — is reportedly in discussions with Circle to integrate the USDC stablecoin onto its proprietary blockchain, AntChain. This integration would proceed once USDC gains full compliance under U.S. regulations, following recent progress such as the GENIUS Act and Circle’s efforts to establish a national trust bank .

Key points:

What’s happening?
Ant International is planning to add USDC to AntChain to support global payments, tokenized assets, treasury operations, and cross-border settlements .

Why now?
U.S. regulatory headway, including the GENIUS Act and Circle’s regulatory filings, is clearing the path for approval. Ant is also securing stablecoin issuer licenses in Hong Kong (effective August 1), Singapore, Luxembourg, and potentially others .

Strategic rationale:
Ant sees stablecoins as a means to boost operational efficiency in payments and treasury, opening recurring revenue through interest yield, transaction fees, and integrated financial services — a model already showing success for Circle .

Timeline?
There’s no set date yet. Ant and Circle await final U.S. regulatory approval for USDC before launching integration activities .

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🔍 Bottom line:

Ant Group is making a calculated move to embed USDC into its global fintech infrastructure, aligning with regulatory developments to strengthen its cross-border, on-chain payment and treasury services. It’s part of the broader wave of global expansion in stablecoin utilization.