SINGAPORE (Reuters) -Singapore-headquartered financial technology company Ant International is “seriously considering” stablecoin license applications in multiple jurisdictions around the world, an executive said on Wednesday.
“Firstly, we will not be focusing on crypto transactions,” Ant International’s Head of Platform Tech Kelvin Li said in a panel at the Reuters Next Conference in Singapore.
“On the other side, we’ll be focusing on global payments. We believe stablecoins are an important means that will enable us to provide global payments in much more efficient way and bring much better customer experience,” he added.
Ant International is the overseas arm of Chinese fintech giant Ant Group.
Stablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a fiat currency such as the U.S. dollar. They are commonly used by crypto traders to move funds between tokens.
To view the live broadcast of the World Stage go to the Reuters LIVE page:
(Reporting by Yantoultra Ngui, Kane Wu, Himanshi Akhand, Scott Murdoch; Editing by Jan Harvey and Kim Coghill)
View Comments
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
