Ant Group draws its sword in Hong Kong! Once the stablecoin license is obtained, is the dominance of USDT at stake?

The cryptocurrency world is in an uproar! Ant International is serious, directly applying for a stablecoin license in Hong Kong, backed by a trillion-dollar cross-border payment volume, aiming straight for the global payment lifeline.

This news not only sends shivers down the spines of Tether and Circle, but even traditional banks have to be on alert. Stablecoins were originally a safe haven for the crypto community, but now a giant like Ant with official backing is entering the fray, acting as a compliant 'regular army' to seize territory.

Ant Group draws its sword in Hong Kong! Once the stablecoin license is obtained, is the dominance of USDT at stake?

The cryptocurrency world is in an uproar! Ant International is serious, directly applying for a stablecoin license in Hong Kong, backed by a trillion-dollar cross-border payment volume, aiming straight for the global payment lifeline.

This news not only sends shivers down the spines of Tether and Circle, but even traditional banks have to be on alert. Stablecoins were originally a safe haven for the crypto community, but now a giant like Ant with official backing is entering the fray, acting as a compliant 'regular army' to seize territory.