Ant Group's "Regulatory Army" Enters the Crypto World, Is This the Beginning of the End for the USDT Era?

The biggest news in the cryptocurrency world these past few days is undoubtedly Ant International. They are not playing around; they are directly applying for a stablecoin license in Hong Kong, entering the market with a trillion-dollar cross-border payment volume, targeting the vital arteries of the global payment market.

Forget about Tether and Circle; even traditional banks must be on edge.

Why is this such a significant event? Stablecoins have always been the territory of the "natives" in the crypto world, serving insiders exclusively. Now, with a financial technology giant like Ant entering the fray, it’s like planting the flag of compliance in the crypto battlefield.

Last year, Ant's Whale platform saw trading volume exceed $1 trillion. If this part switches to stablecoin settlement, transaction fees will nearly drop to zero, and cross-border remittances will arrive within seconds, which is nothing short of a lifesaver for small and medium-sized enterprises.

Retail investors are watching the excitement while giants change tracks.

The Hong Kong stock market reacted quickly, with Yunfeng Financial soaring 98% during trading as funds rushed into stablecoin concept stocks. But don’t just focus on the hype— the underlying logic is that the license requirement is as high as HKD 25 million + 100% reserve, with the regulatory framework practically tailored for the giants. Small projects can't even get in the door; at the end of the day, this game is about the big players competing.

Don’t forget, JD.com and Standard Chartered have already been testing cross-border stablecoin payments in the regulatory sandbox, almost sealing the track with Ant coming in behind them. In the future, when you use Alipay to buy overseas goods, the settlement behind it might be a Hong Kong dollar stablecoin, removing the exchange rate difference, making the traditional SWIFT system really shake.

From the perspective of crypto players, this round of stablecoin reshuffling is not only a reshaping of the landscape but also a direct impact on the hegemony of USDT. De-dollarization is no longer just a slogan; the pilot of the renminbi stablecoin could be a key variable.

This is not just a simple license application; it is a comprehensive restructuring of the jungle law of the crypto world by the "regular army." USDT really needs to start worrying.

I am studying the core logic, policy trends, and asset layout methods behind this, and I will explain it clearly tonight.

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