Ant shines in Hong Kong! Once the stablecoin license is obtained, is USDT's dominance at stake?
The crypto world is in an uproar! Ant International is making serious moves, directly applying for a stablecoin license in Hong Kong, with a trillion-dollar cross-border payment scale, aiming straight at the lifeblood of global payments.
This news not only frightens Tether and Circle but also makes traditional banks nervous. Stablecoins were originally a niche in the crypto world, but now with a giant like Ant, backed by an official background, entering the scene, it's a compliant 'regular army' coming to take territory🍑