Ant Group: From Alipay to a Global Fintech Giant
For Ant Group, some friends may not be very familiar. Ant Group originated from Alipay, a third-party payment tool created in 2004 for Taobao transactions. After years of development, Alipay has grown from a single payment tool to a leading global digital payment platform. In July 2020, Ant Financial officially renamed itself Ant Group, becoming a core fintech subsidiary of Alibaba. Founded by Jack Ma, Ant Group's business covers multiple fields including payments, credit, wealth management, insurance, and credit assessment, making it one of the most influential fintech companies in China. Today, Ant Group is accelerating its global market layout through its international brand Alipay+ and blockchain technology platform ZAN.
Stablecoin license application: Ant's new journey in Web3
> Ant Group confirmed that it will submit a stablecoin license application as soon as possible after the application channel for the Hong Kong (Stablecoin Regulation) opens on August 1. At the same time, its application in Singapore is also actively being prepared, aiming to promote the application of stablecoins in scenarios such as cross-border payments, global asset management, and supply chain finance through compliant pathways.
> Industry dynamics: The regulatory sandbox for stablecoins in Hong Kong continues to heat up, with JD.com's (http://JD.com) stablecoin project entering the second phase of the sandbox, testing scenarios such as cross-border payments and investment transactions. In addition, Xiaomi and Futu Holdings' Airstar Bank announced cooperation with JD Coin Chain Technology to jointly explore stablecoin issuer sandbox projects, showing that competition among Chinese tech giants in the stablecoin field is becoming increasingly intense.
After the announcement, the Hong Kong stock market reacted quickly, and Ant Financial concept stocks surged collectively:
Yunfeng Financial (http://00376.HK) once skyrocketed by 98%;
Lion Rock Holdings (http://02562.HK) rose nearly 15%;
Yaocai Securities (http://01428.HK) increased by over 12.5%.
> This wave of rising momentum not only reflects the market's optimism about Ant Group's stablecoin prospects, but also reflects the profound impact of the Web3 boom on Web2 companies.
What do you think about Ant Group's stablecoin strategy? Feel free to leave a comment for discussion!#稳定币 #stablecoin #Stablecoinwallet $USDT
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