Ant Group Teams Up with Circle to Bring USDC Stablecoin to Its Blockchain Platform

Ant Group, the Chinese fintech giant backed by Jack Ma, is reportedly collaborating with Circle Financial to integrate the USDC stablecoin onto its blockchain platform. The MOVE signals Ant's strategic push into the global digital currency arena, with its overseas unit, Ant International, expected to adopt USDC once regulatory approvals are secured.

Circle's shares ROSE 3.8% in pre-market trading following the announcement. The partnership aligns with growing institutional interest in stablecoins, underscored by recent U.S. regulatory advancements like the GENIUS Act. Circle, a key player in the regulated stablecoin space, plans to expand USDC's utility for cross-border payments.

For Ant, this marks a deliberate step toward incorporating compliant digital assets into its infrastructure. The timeline for full integration remains under discussion, but the deal highlights the accelerating convergence of traditional finance and blockchain technology.