TechFlow, June 12 — According to a report by The Paper cited by Jinshi Data, in response to media reports that Ant International is planning to apply for stablecoin licenses in Hong Kong and Singapore, Ant International stated that it is accelerating investments and expanding partnerships in global treasury management, aiming to deploy its innovations in AI, blockchain, and stablecoins into reliable, large-scale applications.
"We welcome the passage of the Stablecoin Bill by the Hong Kong Legislative Council. We will submit our application as soon as possible after the law takes effect on August 1 and the relevant channels open, hoping to contribute further to Hong Kong's development as a future international financial center," Ant International said.
