Bloomberg reported that Ant International is talking to Circle about integrating its USDC stablecoin with its Whale platform, a blockchain solution it uses to manage payments and treasury across the globe. However, the Chinese press has widely reported that Ant says it has no plans to use USDC at the moment.
Ant International is in the process of being spun off from Ant Group, the company that operates the Alipay wallet in China.
The news doesn’t come as a surprise, given Circle’s CEO Jeremy Allaire interviewed Ant’s Kelvin Li on stage last year. Ant is preparing to apply for stablecoin issuance licenses in Hong Kong, Singapore and Luxembourg.
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