Ant Group will apply for a stablecoin license in Hong Kong and Singapore

Last week, I talked to people from Alibaba, and they said there would be a public announcement soon

And it is related to Web3

I thought they were going to develop a blockchain, but I didn't expect them to go straight for a stablecoin license

It feels like Ant is adjusting its strategy; previously, it was mainly focused on Taobao, but now Alipay is heavily investing overseas, and now they are also pursuing licenses

WeChat Pay couldn't compete, so they are going overseas themselves