Ant's Sword Shines in Hong Kong! Once the Stablecoin License is Obtained, Is the USDT Empire in Jeopardy?
The cryptocurrency world is in an uproar! Ant International is serious, directly applying for a stablecoin license in Hong Kong, armed with a trillion-dollar cross-border payment scale, aiming straight at the veins of global payments.
This news not only terrifies Tether and Circle but also makes traditional banks nervous. Stablecoins were originally a private domain in the crypto world, but now the entry of a giant like Ant, with its official background, signifies a compliant 'regular army' coming to seize territory.
Ant has real strength! Its Whale platform had a trading volume exceeding 1 trillion USD last year. If this business settles in stablecoins, cross-border transfers would cost nearly zero and arrive instantly, which is a significant boon for small and medium-sized enterprises.
The giants have already shifted tracks to exert their strength. Hong Kong's Yunfeng Financial saw its stock surge by 98% as a result. But don't get carried away! The thresholds for obtaining a license in Hong Kong are extremely high; the rules are tailored for the big players, and small players simply can't compete—this is a game for the giants.
JD.com, Standard Chartered, and others are also testing similar technologies. The giants joining forces essentially lock down the track. In the future, when you use Alipay for overseas shopping, it may be settled in Hong Kong dollar stablecoins, eliminating exchange rate differences and posing a huge challenge to the traditional SWIFT system.
For the crypto world, this is not just a reshaping of the landscape, but a direct impact on the hegemony of USDT! 'De-dollarization' may accelerate, and the pilot project of the RMB stablecoin behind Ant will be a key variable.
This is by no means a simple application; it's the official 'compliant army' entering to put an end to the jungle law of the crypto world. USDT is genuinely in danger this time!
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