Recently, Ant Group has been quite active. Its subsidiary 'Ant International' plans to apply for stablecoin licenses in Hong Kong, Singapore, and Luxembourg - this is the first time a major domestic company has so openly 'entered the arena'.

In fact, it has already quietly conducted pilot programs. For example, it previously collaborated with Singapore's DBS Bank on something called 'Treasury Token', which essentially allows internal fund transfers within companies to be 'on-chain', reducing the time for transactions from several days to just a few seconds.

Recently, it also partnered with HSBC and Deutsche Bank to create 'Tokenized Deposits', which sounds impressive, but essentially allows companies to transfer money and settle transactions 24/7, making it particularly suitable for small companies engaged in cross-border business.

Now, it is directly preparing to issue stablecoins, indicating even greater ambitions. However, its approach differs from that of the crypto circle - it aims to create a 'compliant' and 'reliable' stablecoin, not one for speculation, but for cross-border payments and international settlements.

In summary: Ant does not want to get involved in the cryptocurrency wars but intends to play the most 'stable' role in the global fintech landscape.

This step may change how global enterprises transfer money and save funds, and could also be a new starting point for Chinese tech companies to exert influence in the overseas financial sector.