Reuters: Ant International Plans to Apply for Stablecoin Licenses Globally
Reuters reported on July 9 that the Singapore-based fintech company Ant International is "seriously considering" applying for stablecoin licenses in multiple jurisdictions around the world. Kelvin Li, the head of platform technology at Ant International, clearly stated at the Reuters Next conference held in Singapore, "First of all, we will not focus on cryptocurrency trading," he emphasized that the company's business focus is on global payments and pointed out, "We believe that stablecoins are an important tool for achieving more efficient global payments and providing a better customer experience." Ant International is the overseas branch of China's fintech giant Ant Group. A stablecoin is a type of cryptocurrency designed to maintain a stable value, usually pegged to a fiat currency such as the US dollar, and is commonly used by cryptocurrency traders to transfer funds between different tokens.
Original article: https://www.toutiao.com/article/1837167393206346/
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