The Alipay regular army has arrived in the cryptocurrency world! Ant Group is looking to create a compliant stablecoin, with 1.3 billion users entering the market, and cross-border payments are likely to undergo a massive transformation!

Ant International (the parent company of Alipay) has just announced that it will apply for a stablecoin license in Hong Kong! This is not a small player entering the field; it is a super giant coming with a massive user base and cross-border payment business! Just think, their own blockchain processed $1 trillion in transactions last year, what if this were settled with a compliant stablecoin?

The effect would be absolutely explosive! Previously, cross-border remittance fees were high (around 3%) and slow to arrive? With stablecoins, the fees could be nearly zero, and it arrives instantly! Small and medium-sized business owners would be thrilled! Once the news broke, related stocks in Hong Kong surged, with some doubling in a single day! Incredible!

But don't get too excited; the threshold is very high (HKD 25 million + 100% reserve), and small companies simply can't afford it. In the future, it may be giants like Ant Group and JD.com that dominate, with big companies controlling the narrative, which is a bit concerning. However, Hong Kong's regulations are strict, with anti-money laundering measures in place, but innovation is also supported. Experts say it will take another 2-3 years for widespread implementation. But imagine, if an offshore RMB stablecoin really comes to fruition, even the dominance of the US dollar could be shaken!

This is definitely a great opportunity for ordinary people to get involved with compliant crypto assets! Want to know how to catch this wave? Hurry up and click my profile to follow, don’t miss this trend! Follow to stay on track, wealth is just a step ahead!