The partnership also comes at a time when Ant Group’s global unit, Ant International, is adding more regulated cryptocurrencies to its blockchain to support services like treasury management and cross-border payments. Ant International Global Manager of Platform Tech Kelvin Li said at a conference in Singapore that with this effort, the organization will be focusing on global payments, not crypto transactions.
“We believe stablecoins are an important means that will enable us to provide global payments in [a] much more efficient way and bring much better customer experience,” Li said.
