Ant Group Vice President Responds to Stablecoin: Started Applying for a License and Engaged in Multiple Rounds of Communication with Regulators

On June 12, Zhou Kun, Vice President of Ant Group and Head of the Blockchain Business Department at AntChain, revealed in an interview with journalists that AntChain has begun the process of applying for a stablecoin license in Hong Kong and has already engaged in multiple rounds of communication with regulators. It is noted that AntChain chose Hong Kong as its global headquarters this year and has already conducted pilot experiments in the regulatory working environment in Hong Kong.

Zhou Kun made these statements on June 12 during the SNEC Shanghai Photovoltaic Energy Exhibition. On the same day, AntChain and GCL Energy officially announced the establishment of a new company named "Ant XinNeng."

Zhou Kun stated that stablecoins, which represent a bridge between traditional finance and tokenized assets, have enormous market potential. The core value lies in expanding use cases and building regulatory compliance. AntChain aims to build digital transaction scenarios based on stablecoins from...