Key Takeaways:
- Ant Group is working with Circle to integrate USDC into its blockchain platform, pending U.S. regulatory approval.
- Circle is advancing its U.S. regulatory position by applying for a national trust bank and benefiting from the GENIUS Act’s dual regulatory framework.
- Ant Group is expanding stablecoin and tokenization efforts globally, including potential issuer licenses in Singapore and Hong Kong.
Jack Ma-backed Ant Group is reportedly partnering with Circle, the issuer of the USDC stablecoin, to integrate USDC into its AntChain blockchain platform once the asset gains regulatory approval in the U.S., according to Bloomberg sources.
This move aligns with Circle’s push for regulatory clarity, including its application to establish a U.S. national trust bank.
JUST IN: Jack Ma’s Ant Group to integrate Circle’s $USDC into its blockchain platform. pic.twitter.com/vFZR2w5EMy
— Whale Insider (@WhaleInsider) July 10, 2025
The partnership unfolds amid a shifting regulatory landscape, highlighted by the U.S.
Senate’s recent passage of the GENIUS Act, which offers flexible oversight options for stablecoin issuers – in contrast to the stricter STABLE Act.
Ant Group, known for its Alipay super-app and $1 trillion in annual payments, is deepening its blockchain ambitions.
The firm recently urged China’s central bank to support yuan-based stablecoins and is eyeing licenses in global financial hubs like Singapore and Hong Kong.
It’s also collaborating with the Sui blockchain to tokenize ESG-related assets.
Circle, meanwhile, continues global expansion with initiatives like feeless USDC-dollar conversions via OKX and new roles in U.S. derivatives markets.
CEO Jeremy Allaire believes stablecoins are poised to become a transformative financial technology on par with the iPhone.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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