PANews reported on June 12 that in response to reports that Ant International is planning to apply for stablecoin licenses in Hong Kong and Singapore, Ant International responded on June 12 that it is accelerating investment and expanding cooperation in global treasury management, and putting our AI, blockchain and stablecoin innovations into real, reliable large-scale applications.

Earlier news said that Ant Group will apply for stablecoin licenses in Hong Kong and Singapore .