Ant Group to Integrate Circle’s USDC Stablecoin on Its Blockchain

Ant Group's international arm, backed by Alibaba founder Jack Ma, is set to integrate Circle’s USDC stablecoin onto its proprietary blockchain. The rollout awaits certification from U.S. regulators under new federal rules, positioning USDC for adoption on a network that processed over $1 trillion in global payments last year—a third settled on-chain.

Ant International’s MOVE could establish it as the largest overseas corporate user of a U.S.-issued stablecoin. The group is concurrently pursuing stablecoin licenses in Singapore, Hong Kong, and Luxembourg, aiming to host regulated digital dollars, CBDCs, and tokenized bank deposits on its platform.

Circle’s shares ROSE nearly 3.8% in pre-market trading following the announcement, reflecting market optimism. Ant’s blockchain already supports tokenized assets from financial institutions and collaborates with China’s central bank on the digital yuan.