Alibaba-backed Ant Group (yes, that Jack Ma company) is bringing Circle’s $USDC to its own blockchain! 💥 Pending U.S. approval, this move could make Ant the biggest global corporate user of a U.S. stablecoin.
Here’s the scoop 🕵️♂️
💳 Ant’s network processed $1T+ in payments last year—1/3 on-chain!
🔄 $USDC will run side-by-side with CBDCs, tokenized deposits, and stablecoins.
🌐 Expansion targets: Singapore, HK, Luxembourg for licensing.
🤝 Circle up 3.8% pre-market—traders like the collab!
Why It Matters:
$USDC could finally go global thanks to Ant’s reach in Asia and beyond. Imagine billions in daily volume, now USDC-powered. We’re watching Web2 giants become Web3 players right in front of us. 🚀
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Agree? Or does this just give Big Tech more control? Drop your hot take below! 👇