Ant Group is actively applying for stablecoin licenses in Hong Kong and Singapore as it pivots towards global growth. This initiative aligns with the new regulations coming into effect in Hong Kong, aimed at boosting the digital asset landscape in Asia.
In its latest efforts, Ant’s revenue from international operations approached 3 billion USD in 2024, signaling robust growth. The company’s strategic shift from consumer finance to enterprise technology is designed to enhance its competitive edge in the digital payments sector.
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